Helios Technologies (NYSE:HLIO) Raised to Strong-Buy at Wall Street Zen

Helios Technologies (NYSE:HLIO) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a report released on Saturday.

Several other research firms have also recently issued reports on HLIO. Zacks Research raised shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Helios Technologies in a research report on Monday, December 1st. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Buy”.

Helios Technologies Price Performance

Helios Technologies stock opened at $54.17 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.93 and a quick ratio of 1.72. The business’s fifty day moving average price is $53.38. The stock has a market cap of $1.79 billion, a P/E ratio of 53.63 and a beta of 1.30. Helios Technologies has a 12-month low of $24.76 and a 12-month high of $58.80.

Helios Technologies (NYSE:HLIO) last announced its earnings results on Monday, November 3rd. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. Helios Technologies had a return on equity of 7.74% and a net margin of 4.18%.The company had revenue of $220.30 million during the quarter, compared to the consensus estimate of $213.10 million.

About Helios Technologies

Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.