Helios Technologies (NYSE:HLIO) Upgraded at Zacks Research

Helios Technologies (NYSE:HLIO) was upgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Wednesday,Zacks.com reports.

Several other brokerages have also weighed in on HLIO. Weiss Ratings reissued a “hold (c)” rating on shares of Helios Technologies in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, October 19th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Helios Technologies presently has an average rating of “Buy”.

Helios Technologies Trading Down 1.9%

Shares of NYSE HLIO opened at $55.90 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 2.45 and a quick ratio of 1.41. The company has a market cap of $1.85 billion, a P/E ratio of 53.75 and a beta of 1.33. Helios Technologies has a 12 month low of $24.76 and a 12 month high of $58.80. The business’s 50 day simple moving average is $53.78.

Helios Technologies (NYSE:HLIO) last posted its quarterly earnings results on Monday, November 3rd. The company reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Helios Technologies had a return on equity of 7.33% and a net margin of 4.46%.The business had revenue of $220.30 million for the quarter, compared to analysts’ expectations of $213.10 million.

Helios Technologies Company Profile

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.