Helios Technologies (NYSE:HLIO) Shares Up 8.7% - Still a Buy?

Key Points

• Helios Technologies (NYSE:HLIO) experienced an 8.7% increase in share price, trading as high as $54.42 after a previous closing at $49.67, with a trading volume of 616,132 shares, up significantly from average levels.
• Analysts have mixed ratings on the stock; while Wall Street Zen upgraded it to a strong-buy, Zacks Research downgraded its rating to hold, resulting in a consensus rating of "Hold" overall.
• The company reported $0.60 earnings per share for the last quarter, with total revenue of $151.58 million, reflecting a return on equity of 7.33% and a net margin of 4.46%.

Helios Technologies, Inc (NYSE:HLIO - Get Free Report) shot up 8.7% on Wednesday . The stock traded as high as $54.42 and last traded at $53.99. 616,132 shares were traded during mid-day trading, an increase of 98% from the average session volume of 311,532 shares. The stock had previously closed at $49.67.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on HLIO. Wall Street Zen raised Helios Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Weiss Ratings reissued a "hold (c)" rating on shares of Helios Technologies in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded Helios Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Two analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold".

Helios Technologies Stock Up 7.9%

The firm has a market cap of $1.78 billion, a price-to-earnings ratio of 51.54 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 company has a fifty day simple moving average of $52.83.

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

About Helios Technologies

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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