Héroux-Devtek (TSE:HRX) Hits New 1-Year High at $31.99

Héroux-Devtek Inc. (TSE:HRX) hit a new 52-week high on Tuesday . The company traded as high as C$31.99 and last traded at C$31.94, with a volume of 21339 shares traded. The stock had previously closed at C$31.88.

Analyst Upgrades and Downgrades

Separately, TD Securities downgraded Héroux-Devtek from a “buy” rating to a “sell” rating and raised their price objective for the company from C$28.00 to C$32.50 in a research report on Friday, July 12th.

Héroux-Devtek Stock Performance

The business has a 50-day moving average price of C$31.31 and a 200-day moving average price of C$24.91. The firm has a market capitalization of C$1.08 billion, a price-to-earnings ratio of 23.10, a P/E/G ratio of 1.02 and a beta of 1.73. The company has a quick ratio of 0.96, a current ratio of 2.14 and a debt-to-equity ratio of 48.49.

Héroux-Devtek (TSE:HRX) last issued its quarterly earnings results on Tuesday, August 6th. The company reported C$0.39 earnings per share for the quarter, topping the consensus estimate of C$0.26 by C$0.13. Héroux-Devtek had a net margin of 7.07% and a return on equity of 11.18%. The company had revenue of C$174.00 million for the quarter, compared to the consensus estimate of C$159.00 million. As a group, sell-side analysts forecast that Héroux-Devtek Inc. will post 1.5813492 earnings per share 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.