Helios Technologies (NYSE:HLIO) Raised to Strong-Buy at Zacks Research

Helios Technologies (NYSE:HLIO) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Wednesday,Zacks.com reports.

A number of other research firms also recently issued reports on HLIO. Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a research report on Monday, December 29th. CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a research note on Thursday, December 11th. Finally, Wall Street Zen lowered Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy”.

Helios Technologies Stock Down 3.7%

Helios Technologies stock traded down $2.52 during mid-day trading on Wednesday, hitting $65.09. The company’s stock had a trading volume of 49,141 shares, compared to its average volume of 344,613. Helios Technologies has a 52-week low of $24.76 and a 52-week high of $76.47. The company has a market cap of $2.16 billion, a PE ratio of 44.89 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.90 and a quick ratio of 1.72. The firm’s 50 day moving average is $66.49 and its 200 day moving average is $58.23.

Helios Technologies (NYSE:HLIO) last issued its earnings results on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.10. The company had revenue of $210.70 million for the quarter. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.

Helios Technologies Company Profile

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.