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

Key Points

• Helios Technologies has been upgraded from a "buy" to a "strong-buy" rating by Wall Street Zen, highlighting growing confidence among analysts.
• Conversely, Zacks Research downgraded the stock to a "hold" rating, indicating mixed evaluations among analysts with an average rating of "hold" currently.
• As of Friday, shares of Helios Technologies are down 3.2%, with a market cap of $1.56 billion and a P/E ratio of 45.29.

Helios Technologies (NYSE:HLIO - Get Free Report) was upgraded by Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research report issued to clients and investors on Saturday.

A number of other research analysts also recently issued reports on the stock. Zacks Research downgraded shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Helios Technologies in a research report on Wednesday. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of "Hold".

Helios Technologies Stock Down 3.2%

Shares of Helios Technologies stock opened at $47.10 on Friday. The stock has a 50 day moving average price of $52.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.41 and a current ratio of 2.45. Helios Technologies has a 52-week low of $24.76 and a 52-week high of $57.29. The stock has a market cap of $1.56 billion, a P/E ratio of 45.29 and a beta of 1.26.

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

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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