Short Interest in Helios Technologies, Inc (NYSE:HLIO) Decreases By 18.8%

Helios Technologies, Inc (NYSE:HLIO) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 865,019 shares, a decrease of 18.8% from the January 29th total of 1,065,323 shares. Based on an average daily volume of 308,540 shares, the days-to-cover ratio is presently 2.8 days. Currently, 2.6% of the shares of the company are sold short. Currently, 2.6% of the shares of the company are sold short. Based on an average daily volume of 308,540 shares, the days-to-cover ratio is presently 2.8 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, January 5th. Wall Street Zen downgraded shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a research note on Monday, December 29th. Finally, CJS Securities upgraded shares of Helios Technologies to a “strong-buy” rating in a research note on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Helios Technologies Price Performance

Shares of HLIO traded down $0.93 during mid-day trading on Wednesday, hitting $70.11. The company’s stock had a trading volume of 674,081 shares, compared to its average volume of 330,477. 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 firm has a 50-day moving average price of $66.25 and a 200 day moving average price of $58.16. Helios Technologies has a fifty-two week low of $24.76 and a fifty-two week high of $76.47. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 27.75 and a beta of 1.26.

Helios Technologies (NYSE:HLIO) last issued its earnings results on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.10. Helios Technologies had a net margin of 5.78% and a return on equity of 9.43%. The firm had revenue of $210.70 million during the quarter.

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.