Heico (NYSE:HEI.A) Share Price Passes Above 50 Day Moving Average – What’s Next?

Heico Corporation (NYSE:HEI.A) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $254.76 and traded as high as $275.03. Heico shares last traded at $274.1860, with a volume of 199,181 shares changing hands.

Heico Price Performance

The company’s 50-day moving average price is $254.76 and its 200-day moving average price is $239.15. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The firm has a market cap of $38.29 billion, a price-to-earnings ratio of 48.96 and a beta of 1.08.

Heico (NYSE:HEI.A) last announced its earnings results on Wednesday, May 27th. The company reported $1.66 earnings per share for the quarter. The firm had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.22 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%.

Insider Transactions at Heico

In related news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 9.76% of the company’s stock.

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.