Heico (NYSE:HEI.A) Share Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Heico Corporation (NYSE:HEI.A) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $257.46 and traded as low as $231.10. Heico shares last traded at $234.65, with a volume of 388,961 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HEI.A shares. Zacks Research upgraded Heico to a “hold” rating in a research note on Tuesday, December 16th. CJS Securities raised Heico to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Buy”.

Heico Trading Down 0.8%

The company has a market capitalization of $32.47 billion, a PE ratio of 46.04 and a beta of 1.06. The company has a 50 day simple moving average of $256.92 and a 200 day simple moving average of $250.94. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.28 and a current ratio of 3.06.

Heico (NYSE:HEI.A) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating the consensus estimate of $1.43 by $997.57. Heico had a return on equity of 16.57% and a net margin of 15.38%.The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.19 billion.

Heico Company Profile

Heico Corporation (NYSE: HEI.A) is a diversified aerospace, defense and electronics company headquartered in Hollywood, Florida. The company operates through two primary business segments: the Flight Support Group, which focuses on manufacturing and distributing replacement parts and providing repair and overhaul services for commercial and military aircraft and engines; and the Electronic Technologies Group, which designs and produces high-reliability electronic components, subsystems and sensors for demanding applications.

Products and services include FAA-approved parts and supplemental type certified (STC) solutions, component repair and overhaul, and a range of specialty electronic components and assemblies used in aerospace, defense, space, medical and industrial markets.