Helios Technologies (NYSE:HLIO) Lowered to Hold Rating by Zacks Research

Zacks Research lowered shares of Helios Technologies (NYSE:HLIO) from a strong-buy rating to a hold rating in a research note released on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on HLIO. CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a report on Thursday, December 11th. Wall Street Zen cut Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Helios Technologies in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Helios Technologies has a consensus rating of “Moderate Buy”.

Helios Technologies Price Performance

Shares of NYSE HLIO opened at $59.41 on Monday. The company has a current ratio of 2.93, a quick ratio of 1.72 and a debt-to-equity ratio of 0.44. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 58.82 and a beta of 1.29. The firm has a fifty day moving average price of $54.54. Helios Technologies has a one year low of $24.76 and a one year high of $59.55.

Helios Technologies (NYSE:HLIO) last announced 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 company had revenue of $220.30 million during the quarter, compared to analysts’ expectations of $213.10 million.

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.