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

Key Points

• Helios Technologies has been downgraded from a "strong-buy" rating to a "hold" rating by Zacks Research.
• The stock has a one-year low of $24.76 and a one-year high of $57.29, with a current market cap of $1.67 billion.
• Other analysts have mixed views, with Weiss Ratings maintaining a "hold (c)" rating while Wall Street Zen upgraded the stock to a "buy."

Helios Technologies (NYSE:HLIO - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts also recently issued research reports about the company. Weiss Ratings restated a "hold (c)" rating on shares of Helios Technologies in a research note on Saturday, September 27th. Wall Street Zen upgraded Helios Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Helios Technologies currently has an average rating of "Hold".

Helios Technologies Stock Performance

HLIO opened at $50.45 on Monday. Helios Technologies has a one year low of $24.76 and a one year high of $57.29. The stock has a market cap of $1.67 billion, a P/E ratio of 48.51 and a beta of 1.26. The company has a current ratio of 2.45, a quick ratio of 1.41 and a debt-to-equity ratio of 0.45. The firm has a 50-day simple moving average of $53.29.

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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