Helios Technologies (NYSE:HLIO) Upgraded by Wall Street Zen to Strong-Buy Rating

Wall Street Zen upgraded shares of Helios Technologies (NYSE:HLIO) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

A number of other brokerages have also commented on HLIO. Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a report on Monday, December 1st. Zacks Research raised Helios Technologies from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Helios Technologies currently has a consensus rating of “Buy”.

Helios Technologies Stock Up 0.0%

NYSE HLIO opened at $54.17 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.72 and a current ratio of 2.93. Helios Technologies has a fifty-two week low of $24.76 and a fifty-two week high of $58.80. The business has a 50 day moving average of $53.38. The stock has a market cap of $1.79 billion, a PE ratio of 53.63 and a beta of 1.30.

Helios Technologies (NYSE:HLIO) last posted its 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. The business had revenue of $220.30 million for the quarter, compared to analysts’ expectations of $213.10 million. Helios Technologies had a net margin of 4.18% and a return on equity of 7.74%.

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.