Heico (NYSE:HEI.A) Share Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of Heico Corporation (NYSE:HEI.A) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $246.60 and traded as low as $205.00. Heico shares last traded at $211.4110, with a volume of 475,349 shares.

Analysts Set New Price Targets

Several equities analysts recently commented on HEI.A shares. CJS Securities upgraded Heico to a “strong-buy” rating in a research note 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’s stock. According to MarketBeat, Heico has a consensus rating of “Buy”.

Heico Stock Performance

The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55. The company has a market cap of $29.50 billion, a PE ratio of 41.78 and a beta of 1.12. The stock’s 50 day simple moving average is $237.49 and its two-hundred day simple moving average is $246.54.

Heico (NYSE:HEI.A) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $999.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $997.57. The company had revenue of $1.18 billion during 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%.

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.