Helios Technologies (NYSE:HLIO) Rating Lowered to Buy at Wall Street Zen

Key Points

• Helios Technologies has been downgraded from a "strong-buy" to a "buy" rating by Wall Street Zen, reflecting a shift in investor sentiment.
• Zacks Research has also lowered its rating to "hold," marking a consensus shift with multiple analysts rating the stock as a "Hold."
• The company's recent quarterly earnings showed $0.60 EPS with a revenue of $151.58 million, indicating profitability despite the rating downgrades.

Helios Technologies (NYSE:HLIO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Sunday.

Several other equities research analysts have also commented on HLIO. Zacks Research lowered shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 6th. Weiss Ratings reiterated a "hold (c)" rating on shares of Helios Technologies in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of "Hold".

Helios Technologies Stock Performance

NYSE:HLIO opened at $52.99 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.41 and a current ratio of 2.45. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 50.95 and a beta of 1.26. Helios Technologies has a 52 week low of $24.76 and a 52 week high of $57.29. The company has a 50-day moving average price of $52.85.

Helios Technologies (NYSE:HLIO - Get Free Report) last posted its quarterly earnings data on Monday, February 28th. The company reported $0.60 EPS for the quarter. The firm had revenue of $151.58 million during the quarter. Helios Technologies had a net margin of 4.46% and a return on equity of 7.33%.

Helios Technologies Company Profile

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.

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