Helios Technologies (NYSE:HLIO) Downgraded to “Hold” Rating by Zacks Research

Helios Technologies (NYSE:HLIO) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

Other research analysts have also recently issued reports about the company. CJS Securities raised Helios Technologies to a “strong-buy” rating in a research note on Thursday, December 11th. Wall Street Zen lowered Helios Technologies from a “strong-buy” rating to a “buy” rating in a research report on Sunday, December 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Helios Technologies Price Performance

Shares of NYSE HLIO opened at $59.41 on Monday. The company has a market capitalization of $1.97 billion, a PE ratio of 58.82 and a beta of 1.29. Helios Technologies has a one year low of $24.76 and a one year high of $59.55. The company’s 50 day simple moving average is $54.54. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.93 and a quick ratio of 1.72.

Helios Technologies (NYSE:HLIO) last announced its quarterly earnings data on Monday, November 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. Helios Technologies had a net margin of 4.18% and a return on equity of 7.74%. The company had revenue of $220.30 million during the quarter, compared to analysts’ expectations of $213.10 million.

About Helios Technologies

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.