Heico (NYSE:HEI.A) Shares Pass Below 50 Day Moving Average – Time to Sell?

Heico Corporation (NYSE:HEI.A) shares crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $257.46 and traded as low as $231.10. Heico shares last traded at $234.65, with a volume of 388,961 shares.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HEI.A shares. CJS Securities upgraded Heico to a “strong-buy” rating in a research report on Thursday, December 11th. Zacks Research raised Heico to a “hold” rating in a research note on Tuesday, December 16th. 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, the stock currently has an average rating of “Buy”.

Heico Stock Performance

The stock has a market cap of $32.70 billion, a price-to-earnings ratio of 46.37 and a beta of 1.06. The company’s 50-day simple moving average is $257.46 and its 200-day simple moving average is $250.99. The company has a quick ratio of 1.28, a current ratio of 3.06 and a debt-to-equity ratio of 0.55.

Heico (NYSE:HEI.A) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 EPS for the quarter, beating analysts’ consensus estimates 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 15.38% and a return on equity of 16.57%.

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.