Héroux-Devtek Inc. (HRX) Moves Up 0.18% on Apr 2

Shares of Héroux-Devtek Inc. (TSE:HRX) last traded at 16.45, representing a move of 0.18%, or 0.03 per share, on volume of 10,250 shares. After opening the trading day at 15.87, shares of Héroux-Devtek Inc. traded in a close range. Héroux-Devtek Inc. currently has a total float of 36.36M shares and on average sees 36,703 shares exchange hands each day. The stock now has a 52-week low of 11.05 and high of 16.75.

What Drives The Canadian Economy?

Canada is an important aspect of the North American economy. While the US is relatively bigger, it still has interesting potentials to drive economic growth in the region.
With a thriving equity market, any nation has the capacity to carry out long-term prospects. In Canada, for example, there is the Toronto Stock Exchange (TSX). The benchmark index is the S&P/TSX Composite Index, replacing the TSE 300 Index.

Facts About the S&P/TSX Composite Index

The S&P/TSX Composite Index is a free-float market-capitalization-weighted index like most leading indices in the world. This means that its components are the most actively traded stocks on the TSX, excluding those that are held by inside traders, venture capitalists, and government entities. Stocks held by these stakeholders are not frequently traded, which is why it is useless to include them on indices. Héroux-Devtek Inc. is one of the stocks traded on it.

The S&P/TSX Composite Index had recorded its all-time high of 15,657.63 in September 2014, thanks to the gains in crude oil prices that primarily led the surge in the Energy and Financials sectors’ the two biggest sectors on the weighted index. Meanwhile, it had recorded its all-time low of 217.50 in February 1950. As of October 31, 2014, more than 1,500 companies are listed on the TSX. By the end of May, the TSX already had a market capitalization of $2.78 trillion. The regular trading session on the TSX begins at 9:30 a.m. and ends at 4:00 p.m. There is also a post-market session that lasts from 4:15 p.m. until 5:00 p.m.

What Makes Up the S&P/TSX Composite Index

There are numerous requirements in order for companies to be included in the S&P/TSX Composite Index. For starters, of course, they need to be listed on the TSX. Consequently, they must operate in accordance to all existing Canadian corporate laws. As Héroux-Devtek Inc. is still listed, this means that the stock complies with all laws.

In order to become a component of the S&P/TSX Composite Index, a stock must weigh at least 0.05% of the index. Prior to rebalancing, it must have traded an average of C$1 in the preceding three months and at least C$1 in the last three sessions leading to the month of review. Moreover, its trading volume must weigh at least 0.025% of the overall trading volume of all eligible stocks.

About 250 companies make up the S&P/TSX Composite Index. The Financials and Energy sectors alone account for 56% of it, with the former making up 36% and the latter making up 20%. The next biggest sectors include the Materials, Industrial, and Consumer Discretionary sectors.

Because the Organization of the Petroleum Exporting Countries (OPEC) has recently decided to cut oil production rate to lift oil prices, the Energy sector of the S&P/TSX Composite Index is poised for potential gains. Professional analysts might be interested how this will affect Héroux-Devtek Inc..

Investing on the TSX is an ideal way to bet on the Canadian economy. With a promising long-term growth, investors will surely benefit from valuable returns be it in the near term or the longer term.

More recent Héroux-Devtek Inc. (TSE:HRX) news were published by: Theglobeandmail.com which released: “Tuesday’s TSX breakouts: A stock yielding 5% that consistently rallies after reporting its earnings – The Globe and Mail” on February 19, 2019. Also Theglobeandmail.com published the news titled: “Wednesday’s TSX breakouts: This stock soared 93% in 2018 with a further 68% gain forecast in 2019 – The Globe and Mail” on February 20, 2019. Theglobeandmail.com‘s news article titled: “Tuesday’s TSX breakouts: A growth stock with 10 buy recommendations and a bullish ‘Golden Cross’ forming – The Globe and Mail” with publication date: February 12, 2019 was also an interesting one.

H??roux-Devtek Inc. engages in the design, development, manufacture, repair, and overhaul of aircraft landing gears, hydraulic flight control actuators, and fracture-critical components in Canada, the United States, the United Kingdom, and internationally. The company has market cap of $598.16 million. The firm also makes and sells hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers, and cabinets for suppliers of airborne radar, electro-optic systems, and aircraft controls. It has a 29.91 P/E ratio. It serves commercial and military sectors of the aerospace market.

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