Heico (NYSE:HEI.A) Shares Pass Below Fifty Day Moving Average - Here's What Happened

Key Points

• Heico shares slipped below their 50‑day moving average, trading as low as $231.10 and last at $234.65 versus a 50‑day MA of $257.46 on volume of 388,961 shares.
• Analyst sentiment is mixed but tilted positive—one firm has a "Strong Buy" rating, another a "Hold," and MarketBeat shows an average rating of "Buy."
• The company has a $32.7 billion market cap and reported a quarterly EPS surprise (reported $999.00 vs. $1.43 expected) with revenue of $1.18 billion slightly below estimates, and a net margin of 15.38% and ROE of 16.57%.

Heico Corporation (NYSE:HEI.A - Get Free Report) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 Analysts Forecast Growth

HEI.A has been the subject of several analyst reports. CJS Securities raised shares of Heico to a "strong-buy" rating in a report on Thursday, December 11th. Zacks Research raised shares of Heico to a "hold" rating in a research note on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, Heico has an average rating of "Buy".

Heico Stock Performance

The company has a market cap of $32.70 billion, a P/E ratio of 46.37 and a beta of 1.06. The company has a quick ratio of 1.28, a current ratio of 3.06 and a debt-to-equity ratio of 0.55. The company has a 50 day moving average price of $257.46 and a 200-day moving average price of $250.99.

Heico (NYSE:HEI.A - Get Free Report) last issued its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.43 by $997.57. The business had revenue of $1.18 billion for the quarter, compared to analysts' expectations of $1.19 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%.

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.

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