Heico (NYSE:HEI.A) Shares Gap Up – Time to Buy?

Heico Corporation (NYSE:HEI.A) gapped up before the market opened on Thursday . The stock had previously closed at $229.79, but opened at $249.97. Heico shares last traded at $257.03, with a volume of 40,394 shares.

Heico Price Performance

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 company’s fifty day moving average is $216.42 and its two-hundred day moving average is $238.94. The stock has a market cap of $35.69 billion, a price-to-earnings ratio of 50.66 and a beta of 1.00.

Heico (NYSE:HEI.A) last posted its earnings results on Wednesday, May 27th. The company reported $1.66 earnings per share for the quarter. Heico had a net margin of 15.38% and a return on equity of 16.57%. The firm had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.22 billion.

Insider Buying and Selling

In other Heico news, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 9.76% of the stock is owned by corporate insiders.

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.