Boston, MA 05/24/2013 (wallstreetpr) – The share prices of HEICO Corporation (NYSE:HEI) surged by 7.37 percent to close at $49.34 per share at the end of the last trading session. The shares of the company traded in the range of $46.46 to $51.54 per share during the day. This had further adjusted the 52 week high price level of HEICO Corporation (NYSE:HEI) to $51.54 per share while the 52 week low price of the company remains at $34.01 per share.
HEICO Corporation (NYSE:HEI) is involved in the manufacturing of Federal Aviation Administration (FAA) approved jet engine and other aircraft component replacement parts. The company had released it half yearly reports for the six months ended on April 30, 2013 in which HEICO Corporation (NYSE:HEI) had registered 14 percent increase in the net income, 6 percent increase in the net sales and 6 percent increase in the operating income over the previous year.
Strong organic growth in the Flight support and Electronic Technologies Services had contributed to the positive and encouraging results of the second quarter. HEICO Corporation (NYSE:HEI), following its strong half yearly results had further raised the growth and sales estimates for the company for the entire fiscal year. The net income attributable to shareholders for the first six months of 2013 was observed to be $0.82 per basic and diluted share compared to the net income of $0.72 per basic and diluted share for the same period of previous year.
HEICO Corporation (NYSE:HEI) presently holds 53.04 million shares outstanding and the average trading volume for the company is 122,376 shares per day.