Héroux-Devtek (TSE:HRX) Stock Price Crosses Above Two Hundred Day Moving Average of $21.55

Héroux-Devtek Inc. (TSE:HRX)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$21.55 and traded as high as C$31.36. Héroux-Devtek shares last traded at C$31.18, with a volume of 158,662 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HRX shares. Desjardins upped their target price on shares of Héroux-Devtek from C$26.00 to C$37.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. National Bankshares raised their price objective on shares of Héroux-Devtek from C$26.00 to C$29.00 and gave the company an “outperform” rating in a research note on Thursday, May 23rd. TD Securities downgraded Héroux-Devtek from a “buy” rating to a “sell” rating and increased their price target for the company from C$28.00 to C$32.50 in a research note on Friday, July 12th. Finally, Scotiabank lifted their price objective on Héroux-Devtek from C$22.50 to C$27.00 and gave the stock an “outperform” rating in a research note on Thursday, May 23rd.

Héroux-Devtek Stock Up 0.2 %

The firm has a market cap of C$1.05 billion, a P/E ratio of 27.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.73. The firm’s 50 day moving average is C$27.26 and its two-hundred day moving average is C$21.62. The company has a current ratio of 2.11, a quick ratio of 0.96 and a debt-to-equity ratio of 50.75.

Héroux-Devtek (TSE:HRX) last announced its quarterly earnings results on Wednesday, May 22nd. The company reported C$0.49 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.31 by C$0.18. Héroux-Devtek had a net margin of 6.08% and a return on equity of 9.33%. The company had revenue of C$184.05 million for the quarter, compared to analysts’ expectations of C$170.58 million. As a group, research analysts anticipate that Héroux-Devtek Inc. will post 1.3793103 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.