Héroux-Devtek (TSE:HRX) Shares Pass Above 200-Day Moving Average – Here’s What Happened

Héroux-Devtek Inc. (TSE:HRX) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$27.23 and traded as high as C$32.13. Héroux-Devtek shares last traded at C$32.13, with a volume of 35,615 shares traded.

Wall Street Analysts Forecast Growth

Separately, TD Securities downgraded shares of Héroux-Devtek from a “buy” rating to a “sell” rating and lifted their price target for the stock from C$28.00 to C$32.50 in a research note on Friday, July 12th.

Héroux-Devtek Stock Up 0.1 %

The stock has a market capitalization of C$1.08 billion, a P/E ratio of 23.26, a PEG ratio of 1.02 and a beta of 1.72. The stock has a 50 day moving average price of C$31.80 and a 200-day moving average price of C$27.41. The company has a debt-to-equity ratio of 48.49, a current ratio of 2.14 and a quick ratio of 0.96.

Héroux-Devtek (TSE:HRX) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.26 by C$0.13. The business had revenue of C$174.00 million for the quarter, compared to analyst estimates of C$159.00 million. Héroux-Devtek had a return on equity of 11.18% and a net margin of 7.07%. As a group, research analysts expect that Héroux-Devtek Inc. will post 1.640041 EPS for the current fiscal year.

About Héroux-Devtek

Héroux-Devtek Inc engages in the design, development, manufacture, finishing, assembling, and repair and overhaul of aircraft landing gears, hydraulic and electromechanical flight control actuators, custom ball screws, and fracture-critical components. The company serves commercial and defence sectors of the aerospace market.