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

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.

Wall Street Zen upgraded shares of Helios Technologies (NYSE:HLIO - Free Report) from a hold rating to a buy rating in a research report released on Saturday morning.

Helios Technologies Stock Performance

Helios Technologies stock traded down $0.12 during trading hours on Friday, hitting $53.21. 399,162 shares of the stock traded hands, compared to its average volume of 421,411. 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 27.35 and a beta of 1.28. Helios Technologies has a one year low of $24.76 and a one year high of $57.29.

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.