Helios Technologies (NYSE:HLIO) Trading Up 2.9% – Should You Buy?

Helios Technologies, Inc (NYSE:HLIO) shares shot up 2.9% on Thursday . The stock traded as high as $66.10 and last traded at $65.90. 299,962 shares traded hands during trading, a decline of 4% from the average session volume of 312,733 shares. The stock had previously closed at $64.05.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a report on Thursday, December 11th. Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 5th. Wall Street Zen cut Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Helios Technologies currently has an average rating of “Moderate Buy”.

Helios Technologies Stock Down 1.6%

The stock has a market capitalization of $2.15 billion, a P/E ratio of 64.27 and a beta of 1.29. 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 stock has a 50 day simple moving average of $58.00.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings results on Monday, November 3rd. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. Helios Technologies had a net margin of 4.18% and a return on equity of 7.74%. The firm had revenue of $220.30 million during the quarter, compared to analysts’ expectations of $213.10 million.

About Helios Technologies

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.