Heico (NYSE:HEI.A) Stock Price Passes Above 50 Day Moving Average – Time to Sell?

Shares of Heico Corporation (NYSE:HEI.A) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $234.79 and traded as high as $265.55. Heico shares last traded at $261.49, with a volume of 371,768 shares trading hands.

Heico Stock Performance

The firm has a market cap of $36.52 billion, a price-to-earnings ratio of 46.69 and a beta of 1.07. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The stock has a fifty day moving average price of $234.79 and a 200-day moving average price of $239.87.

Heico (NYSE:HEI.A) last released its quarterly earnings results on Wednesday, May 27th. The company reported $1.66 EPS for the quarter. Heico had a return on equity of 17.52% and a net margin of 16.08%.The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.22 billion.

Insider Buying and Selling at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The SEC filing for this sale provides additional information. Insiders own 9.76% of the company’s stock.

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.