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The TSX today continues to trend near 52-week highs, with the market rally looking like it could stabilize in the near future. Part of this comes down to the performance of individual companies. As companies continue to perform better, investors will get more and more on board. And in the case of this Canadian growth stock, it looks like it could be the beginning of a strong rally.
What happened?
Shares of Héroux-Devtek (TSX:HRX) hit a new 52-week high this week as the aerospace company reported its earnings for the third quarter. Shares jumped almost 10% as the company saw sales increase 16.1% year over year. The $163.5 million in sales was a huge improvement over the $140.9 million reported the year before.
What’s more, operating income also climbed to $15.6 million, compared to just $5.1 million last year. Profit reached $9 million as well, up from a lowly $1.8 million in…
