The stock of Hawaiian Electric Industries, Inc. (NYSE:HE) last traded at $15.01, down -14.28% from the previous session.
HE stock price is now 45.07% away from the 50-day moving average and 25.90% away from the 200-day moving average. The market capitalization of the company currently stands at $1.66B.
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With the price target enhanced from $8 to $8.50, Wells Fargo Downgraded its rating from Equal Weight to Underweight for Hawaiian Electric Industries, Inc. (NYSE: HE). On August 18, 2023, Wells Fargo Upgraded its previous ‘Underweight’ rating to ‘Equal Weight’ on the stock reducing its target price from $25 to quote $8, while ‘BofA Securities’ rates the stock as ‘Underperform’
A total of 0.36% of the company’s stock is owned by insiders.
During the past 12 months, Hawaiian Electric Industries, Inc. has had a low of $7.61 and a high of $40.16. As of last week, the company has a debt-to-equity ratio of 1.61, a current ratio of 3.14, and a quick ratio of 3.14. According to the stock market information, the enterprise value for the company is $5085384192, which is based on a 8.85 price-to-earnings ratio, a 2.11 price-to-earnings-growth ratio, and a beta of 0.56. The fifty day moving average price for HE is $10.3904 and a two-hundred day moving average price translates $11.92785 for the stock.
The latest earnings results from Hawaiian Electric Industries, Inc. (NYSE: HE) was released for 2024-03-31. The net profit margin was 5.10% and return on equity was 8.05% for HE. The company reported revenue of $897.16 million for the quarter, compared to $928.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -3.35 percent.
