Helios Technologies (NYSE:HLIO) Stock Rating Upgraded by Wall Street Zen

Key Points

• Helios Technologies has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating a positive shift in investor sentiment.
• The company's stock price increased by 0.6%, reaching $48.70 with a market cap of $1.61 billion.
• Helios Technologies operates in the hydraulics and electronics markets, offering innovative solutions for various industrial applications.

Helios Technologies (NYSE:HLIO - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday.

Helios Technologies Trading Up 0.6%

Shares of HLIO traded up $0.30 during trading hours on Friday, hitting $48.70. 394,674 shares of the company were exchanged. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 46.83 and a beta of 1.28.

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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