Helios Technologies (NYSE:HLIO) Shares Up 2.9% – Time to Buy?

Helios Technologies, Inc (NYSE:HLIO)’s stock price rose 2.9% during mid-day trading on Thursday . The stock traded as high as $66.10 and last traded at $65.90. Approximately 299,962 shares changed hands during mid-day trading, a decline of 4% from the average daily volume of 312,733 shares. The stock had previously closed at $64.05.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen lowered Helios Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a research report on Thursday, December 11th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Helios Technologies Stock Up 2.9%

The firm’s fifty day simple moving average is $57.74. 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 company has a market cap of $2.18 billion, a PE ratio of 65.25 and a beta of 1.29.

Helios Technologies (NYSE:HLIO) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $220.30 million for the quarter, compared to the consensus estimate 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 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.