Heico (NYSE:HEI.A) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of Heico (NYSE:HEI.A) from a buy rating to a hold rating in a research note released on Thursday, ValuEngine reports.

Shares of NYSE:HEI.A traded down $0.56 during midday trading on Thursday, reaching $105.56. The company had a trading volume of 171,068 shares, compared to its average volume of 285,283. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.56 and a current ratio of 3.20. Heico has a 1-year low of $57.84 and a 1-year high of $109.39. The company has a market capitalization of $14.13 billion, a price-to-earnings ratio of 50.91 and a beta of 0.58. The company has a fifty day simple moving average of $105.16.

Heico (NYSE:HEI.A) last released its quarterly earnings results on Tuesday, May 28th. The company reported $0.60 earnings per share for the quarter. Heico had a return on equity of 17.38% and a net margin of 15.36%. The business had revenue of $515.65 million during the quarter.

About Heico

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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