Héroux-Devtek (TSE:HRX) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Héroux-Devtek Inc. (TSE:HRX) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$31.56 and traded as high as C$32.09. Héroux-Devtek shares last traded at C$31.95, with a volume of 49,723 shares trading hands.

Héroux-Devtek Price Performance

The company has a debt-to-equity ratio of 48.49, a current ratio of 2.14 and a quick ratio of 0.96. The business’s 50 day moving average price is C$31.81 and its 200 day moving average price is C$31.56. The stock has a market capitalization of C$1.08 billion, a P/E ratio of 23.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.72.

Héroux-Devtek (TSE:HRX) last posted its quarterly earnings data on Tuesday, November 12th. The company reported C$0.38 EPS for the quarter, beating analysts’ consensus estimates of C$0.31 by C$0.07. Héroux-Devtek had a return on equity of 11.18% and a net margin of 7.07%. Sell-side analysts forecast that Héroux-Devtek Inc. will post 1.640041 EPS for the current year.

Héroux-Devtek Company Profile

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.