Heico Rises On Unusually High Volume (HEI)

NEW YORK ( TheStreet) -- Heico Corporation (NYSE: HEI) is trading at unusually high volume Thursday with 610,711 shares changing hands. It is currently at four times its average daily volume and trading up $2.74 (+5.4%) at $53.72 as of four p.m. ET.

Heico has a market cap of $833.5 million and is part of the industrial goods sector and aerospace/defense industry. Shares are up 24.9% year to date as of the close of trading on Wednesday.

HEICO Corporation, through its subsidiaries, engages in the design, manufacture, and sale of aerospace, defense, and electronic related products and services in the United States and internationally. The company has a P/E ratio of 32.8, equal to the average aerospace/defense industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Heico as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Heico Ratings Report.

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