Helios Technologies (NYSE:HLIO) Cut to Buy at Wall Street Zen

Wall Street Zen lowered shares of Helios Technologies (NYSE:HLIO) from a strong-buy rating to a buy rating in a research report released on Sunday morning.

Several other analysts have also recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a report on Wednesday, October 8th. Zacks Research cut Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Monday, October 6th. Two research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold”.

Helios Technologies Price Performance

Shares of HLIO opened at $55.70 on Friday. The stock has a market cap of $1.85 billion, a PE ratio of 53.56 and a beta of 1.26. Helios Technologies has a 1 year low of $24.76 and a 1 year high of $57.29. The business’s 50 day moving average price is $53.06. The company has a quick ratio of 1.41, a current ratio of 2.45 and a debt-to-equity ratio of 0.45.

Helios Technologies (NYSE:HLIO) last issued its quarterly earnings data on Monday, February 28th. The company reported $0.60 earnings per share (EPS) for the quarter. The business had revenue of $151.58 million for the quarter. Helios Technologies had a return on equity of 7.33% and a net margin of 4.46%.

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.