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

Heico Corporation (NYSE:HEI.A) shares crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $251.76 and traded as low as $219.81. Heico shares last traded at $220.74, with a volume of 528,871 shares traded.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Heico to a “hold” rating in a report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Heico Trading Up 0.4%

The firm’s 50 day moving average is $251.13 and its 200 day moving average is $237.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.72 and a quick ratio of 1.27. The company has a market capitalization of $30.98 billion, a PE ratio of 36.88 and a beta of 1.08.

Heico (NYSE:HEI.A) last announced its quarterly earnings results on Tuesday, August 25th. The company reported $1.67 earnings per share (EPS) for the quarter. Heico had a net margin of 16.38% and a return on equity of 18.00%. The business had revenue of $1.41 billion for the quarter. As a group, equities analysts predict that Heico Corporation will post 6.25 EPS for the current year.

Heico Company Profile

HEICO Corporation is an aerospace, defense, electronics and industrial technology company headquartered in Hollywood, Florida. Founded in 1957, the company develops and manufactures products used by commercial and military aircraft operators, aerospace and defense contractors, space systems providers, medical companies, telecommunications firms and other industrial customers. HEICO serves customers in the United States and international markets.

The company operates through two principal segments.