Heico (NYSE:HEI.A) Shares Cross Below 50 Day Moving Average – What’s Next?

Heico Corporation (NYSE:HEI.A) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $252.62 and traded as low as $234.13. Heico shares last traded at $225.4610, with a volume of 16,692 shares.

Analyst Ratings Changes

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

Heico Stock Down 3.7%

The company’s 50 day simple moving average is $252.62 and its 200-day simple moving average is $250.15. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The firm has a market cap of $31.42 billion, a P/E ratio of 44.56 and a beta of 1.06.

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

About Heico

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.