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

Zacks Research upgraded shares of Helios Technologies (NYSE:HLIO) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts also recently commented on HLIO. Wall Street Zen downgraded Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Helios Technologies Stock Performance

Shares of Helios Technologies stock traded down $2.44 during trading on Wednesday, hitting $65.17. 46,919 shares of the stock were exchanged, compared to its average volume of 344,506. The company has a current ratio of 2.90, a quick ratio of 1.72 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $66.49 and a 200-day moving average price of $58.23. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 44.94 and a beta of 1.26. Helios Technologies has a 1-year low of $24.76 and a 1-year high of $76.47.

Helios Technologies (NYSE:HLIO) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. The business had revenue of $210.70 million during 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.