Heico (NYSE:HEI.A) Share Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Heico Corporation (NYSE:HEI.A)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $239.19 and traded as low as $223.43. Heico shares last traded at $224.2610, with a volume of 293,229 shares.

Heico Stock Performance

The company has a market cap of $31.29 billion, a P/E ratio of 44.32 and a beta of 1.00. The firm has a 50 day moving average of $216.12 and a 200-day moving average of $239.19. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55.

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, topping the consensus estimate of $1.43 by $997.57. Heico had a return on equity of 16.57% and a net margin of 15.38%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.19 billion.

Insider Transactions at Heico

In related news, Director Julie Neitzel sold 676 shares of the stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a legal filing with the SEC, which is available at 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.