Heico (NYSE:HEI.A) Shares Pass Above Fifty Day Moving Average – Time to Sell?

Heico Corporation (NYSE:HEI.A)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $252.15 and traded as high as $272.73. Heico shares last traded at $263.3270, with a volume of 180,267 shares trading hands.

Heico Price Performance

The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. The company has a 50 day simple moving average of $252.28 and a 200 day simple moving average of $239.00. The stock has a market cap of $37.14 billion, a P/E ratio of 47.49 and a beta of 1.08.

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

Insider Buying and Selling

In related 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.