Helios Technologies (NYSE:HLIO) Upgraded at Zacks Research

Zacks Research upgraded shares of Helios Technologies (NYSE:HLIO) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday,Zacks.com reports.

HLIO has been the topic of several other reports. Wall Street Zen downgraded shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Weiss Ratings reissued a “hold (c)” rating on shares of Helios Technologies in a research report on Monday, December 29th. Finally, CJS Securities upgraded shares of Helios Technologies to a “strong-buy” rating in a research report on Thursday, December 11th. Two equities research analysts have rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Helios Technologies currently has an average rating of “Buy”.

Helios Technologies Stock Performance

NYSE HLIO opened at $65.00 on Wednesday. The company has a 50-day simple moving average of $66.68 and a two-hundred day simple moving average of $58.32. Helios Technologies has a 12-month low of $24.76 and a 12-month high of $76.47. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 44.83 and a beta of 1.26. The company has a quick ratio of 1.72, a current ratio of 2.90 and a debt-to-equity ratio of 0.39.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings data on Monday, March 2nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.71 by $0.10. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.The firm had revenue of $210.70 million for the quarter.

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.