Helios Technologies (NYSE:HLIO) Shares Down 0.7% – Time to Sell?

Helios Technologies, Inc (NYSE:HLIO) shares fell 0.7% during mid-day trading on Wednesday . The stock traded as low as $72.86 and last traded at $73.91. 154,298 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 307,317 shares. The stock had previously closed at $74.46.

Analyst Upgrades and Downgrades

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

Helios Technologies Trading Down 0.7%

The company has a market capitalization of $2.45 billion, a price-to-earnings ratio of 73.18 and a beta of 1.30. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.72 and a current ratio of 2.93. The business’s 50-day simple moving average is $64.57 and its 200-day simple moving average is $57.45.

About Helios Technologies

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.