Helios Technologies (NASDAQ:HLIO) Reaches New 52-Week Low at $49.13

Helios Technologies, Inc. (NASDAQ:HLIOGet Rating)’s share price hit a new 52-week low during trading on Friday . The stock traded as low as $49.13 and last traded at $49.13, with a volume of 5 shares trading hands. The stock had previously closed at $50.23.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Stifel Nicolaus decreased their price target on Helios Technologies from $95.00 to $74.00 in a research note on Monday, July 18th. Robert W. Baird decreased their price target on Helios Technologies from $100.00 to $75.00 in a research note on Tuesday, August 9th. KeyCorp decreased their price target on Helios Technologies from $90.00 to $71.00 and set an “overweight” rating on the stock in a research note on Friday, September 16th. Finally, Barrington Research decreased their price target on Helios Technologies from $107.00 to $91.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 10th.

Helios Technologies Trading Down 3.2 %

The company has a 50 day moving average of $61.05 and a 200-day moving average of $66.88. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.30 and a current ratio of 2.40. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 14.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.20.

Helios Technologies (NASDAQ:HLIOGet Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $1.18 earnings per share for the quarter, hitting the consensus estimate of $1.18. Helios Technologies had a return on equity of 20.05% and a net margin of 12.11%. The company had revenue of $241.67 million for the quarter, compared to the consensus estimate of $240.51 million. During the same quarter in the prior year, the business earned $1.20 EPS. Helios Technologies’s revenue was up 8.2% on a year-over-year basis. On average, research analysts anticipate that Helios Technologies, Inc. will post 4.37 earnings per share for the current year.

Institutional Investors Weigh In On Helios Technologies

Several large investors have recently bought and sold shares of the stock. Victory Capital Management Inc. increased its holdings in shares of Helios Technologies by 2,754.0% in the 2nd quarter. Victory Capital Management Inc. now owns 211,370 shares of the company’s stock valued at $14,003,000 after acquiring an additional 203,964 shares during the last quarter. Loomis Sayles & Co. L P lifted its position in Helios Technologies by 23.1% during the 4th quarter. Loomis Sayles & Co. L P now owns 584,755 shares of the company’s stock worth $61,499,000 after acquiring an additional 109,853 shares during the period. Ceredex Value Advisors LLC acquired a new stake in Helios Technologies during the 1st quarter worth approximately $7,632,000. Wellington Management Group LLP lifted its position in Helios Technologies by 14.2% during the 1st quarter. Wellington Management Group LLP now owns 761,652 shares of the company’s stock worth $61,123,000 after acquiring an additional 94,638 shares during the period. Finally, Credit Suisse AG lifted its position in Helios Technologies by 213.3% during the 2nd quarter. Credit Suisse AG now owns 114,545 shares of the company’s stock worth $7,589,000 after acquiring an additional 77,983 shares during the period. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Helios Technologies Company Profile

(Get Rating)

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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