Heico (NYSE:HEI.A) Trading Down 11.2% – Time to Sell?

Heico Corporation (NYSE:HEI.A) dropped 11.2% during trading on Thursday . The stock traded as low as $224.30 and last traded at $224.7610. Approximately 53,283 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 275,371 shares. The stock had previously closed at $252.98.

Wall Street Analysts Forecast Growth

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

Heico Stock Performance

The stock has a market cap of $31.94 billion, a P/E ratio of 46.68 and a beta of 1.06. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.83 and a quick ratio of 1.28. The company has a fifty day moving average price of $259.38 and a 200 day moving average price of $251.15.

Heico (NYSE:HEI.A) last posted its quarterly earnings results on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating the consensus estimate of $1.43 by $997.57. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.19 billion. Heico had a net margin of 15.39% and a return on equity of 16.80%.

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.