H&E Equipment Services (NASDAQ:HEES) has been downgraded to Sell in a statement by UBS Securities earlier today.
- Updated: October 7, 2016
UBS Securities has downgraded H&E Equipment Services (NASDAQ:HEES) to Sell in a statement released on 10/7/2016.
Showing a price of $15.85, H&E Equipment Services (NASDAQ:HEES) traded -9.41% lower on the day. With the last stock price close down -12.00% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. HEES has recorded a 50-day moving average of $16.11 and a 200-day moving average of $17.93. 566,212 shares of the stock were exchanged, up from an average trading volume of 243,705
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H&E Equipment Services has a price-earnings ratio of 14.10 with a one year low of $10.12 and a one year high of $21.48 The company’s market cap is currently $0.
About H&E Equipment Services (NASDAQ:HEES)
H&E Equipment Services, Inc. is an integrated equipment services company. The Company rents, sells and provides parts and services support for approximately four core categories of specialized equipment, such as hi-lift or aerial work platform equipment; cranes; earthmoving equipment, and industrial lift trucks. The Company's segments include equipment rentals, which rents various types of construction and industrial equipment; new equipment sales, which sells new equipment in its core product categories; used equipment sales, which sells used equipment from its rental fleet, as well as from sales of inventoried equipment that it acquires through trade-ins from its equipment customers and through purchases of used equipment; parts sales, which sells new and used parts for the equipment the Company sells and also provides parts to its own rental fleet, and services, which provides maintenance and repair services for its customers' equipment and to its own rental fleet.
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