Heico (NYSE:HEI.A) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Heico Corporation (NYSE:HEI.A)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $239.19 and traded as low as $223.43. Heico shares last traded at $224.2610, with a volume of 293,229 shares changing hands.

Heico Trading Up 2.4%

The stock has a market cap of $32.01 billion, a PE ratio of 45.34 and a beta of 1.00. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The stock has a fifty day moving average price of $216.28 and a 200 day moving average price of $239.07.

Heico (NYSE:HEI.A) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $997.57. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%.

Insider Buying and Selling

In related news, Director Julie Neitzel sold 676 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 9.76% of the company’s stock.

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.