Helios Technologies (NYSE:HLIO) Shares Gap Down – Time to Sell?

Helios Technologies, Inc (NYSE:HLIO) gapped down prior to trading on Wednesday . The stock had previously closed at $57.76, but opened at $55.40. Helios Technologies shares last traded at $55.86, with a volume of 2,284 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on HLIO. Zacks Research raised shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. Weiss Ratings reissued a “hold (c)” rating on shares of Helios Technologies in a research report on Monday. CJS Securities raised Helios Technologies to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Helios Technologies currently has a consensus rating of “Buy”.

Helios Technologies Stock Performance

The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 54.04 and a beta of 1.30. 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 business’s 50 day moving average price is $54.09.

Helios Technologies (NYSE:HLIO) last issued its earnings results on Monday, November 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Helios Technologies had a net margin of 4.18% and a return on equity of 7.74%. The business had revenue of $220.30 million for the quarter, compared to analysts’ expectations of $213.10 million.

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.