Heico (NYSE:HEI.A) Shares Cross Above 50 Day Moving Average – Should You Sell?

Heico Corporation (NYSE:HEI.A) shares crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $217.25 and traded as high as $221.34. Heico shares last traded at $216.1620, with a volume of 314,421 shares.

Heico Stock Performance

The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. The firm has a market capitalization of $30.16 billion, a P/E ratio of 42.72 and a beta of 1.00. The stock’s 50 day moving average is $217.25 and its two-hundred day moving average is $240.18.

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

Insider Buying and Selling at Heico

In related news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.76% of the stock is currently owned by company insiders.

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.