Héroux-Devtek (TSE:HRX) Shares Cross Above 200 Day Moving Average of $14.90

Héroux-Devtek Inc. (TSE:HRX) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$14.90 and traded as high as C$15.13. Héroux-Devtek shares last traded at C$15.12, with a volume of 2,128 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Desjardins dropped their price objective on shares of Héroux-Devtek from C$22.00 to C$21.00 and set a “buy” rating on the stock in a research report on Wednesday, August 9th. Scotiabank boosted their price target on Héroux-Devtek from C$18.00 to C$19.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$19.00.

Héroux-Devtek Price Performance

The stock has a market cap of C$514.23 million, a PE ratio of 30.86, a P/E/G ratio of 1.02 and a beta of 1.64. The company has a current ratio of 2.04, a quick ratio of 0.96 and a debt-to-equity ratio of 47.67. The company’s 50 day moving average is C$15.71 and its 200-day moving average is C$14.90.

Héroux-Devtek (TSE:HRX) last announced its quarterly earnings results on Tuesday, August 8th. The company reported C$0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.01). The business had revenue of C$140.70 million for the quarter, compared to analyst estimates of C$143.50 million. Héroux-Devtek had a return on equity of 4.42% and a net margin of 2.95%. As a group, sell-side analysts predict that Héroux-Devtek Inc. will post 0.6903255 earnings per share for the current year.

About Héroux-Devtek

Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.