Heico (NYSE:HEI.A) Stock Price Down 11.2% – What’s Next?

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

Analyst Ratings Changes

A number of research analysts have recently commented on HEI.A shares. Zacks Research raised Heico to a “hold” rating in a research report on Tuesday, December 16th. CJS Securities raised shares of Heico to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Heico Stock Performance

The stock has a market capitalization of $31.94 billion, a P/E ratio of 46.68 and a beta of 1.06. The company has a quick ratio of 1.28, a current ratio of 2.83 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $259.38 and a two-hundred day moving average price of $251.15.

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

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.