Héroux-Devtek (TSE:HRX) Shares Cross Above 200-Day Moving Average of $13.10

Héroux-Devtek Inc. (TSE:HRX – Get Rating)’s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$13.10 and traded as high as C$13.61. Héroux-Devtek shares last traded at C$13.58, with a volume of 9,729 shares.

Analysts Set New Price Targets

HRX has been the subject of a number of research reports. Raymond James lowered their price objective on shares of Héroux-Devtek from C$19.00 to C$18.00 and set an “outperform” rating for the company in a research note on Thursday, February 9th. Scotiabank lowered their price objective on shares of Héroux-Devtek from C$19.00 to C$17.00 in a research note on Thursday, February 9th. National Bankshares lowered their price objective on shares of Héroux-Devtek from C$23.00 to C$19.00 and set an “outperform” rating for the company in a research note on Thursday, February 9th. TD Securities lowered shares of Héroux-Devtek from a “buy” rating to a “hold” rating and lowered their price objective for the stock from C$20.00 to C$16.50 in a research note on Thursday, February 9th. Finally, Desjardins lowered shares of Héroux-Devtek from a “top pick” rating to a “buy” rating in a research note on Wednesday, February 8th.

Héroux-Devtek Trading Up 0.5 %

The firm has a market capitalization of C$465.25 million, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.73. The company’s 50-day simple moving average is C$13.80 and its 200 day simple moving average is C$13.10. The company has a quick ratio of 0.96, a current ratio of 2.26 and a debt-to-equity ratio of 63.32.

Héroux-Devtek Company Profile

(Get Rating)

Héroux-Devtek Inc engages in the design, development, manufacture, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company also assembles and installs aircraft components at customer assembly lines.