Helios Technologies (NYSE:HLIO) Raised to Strong-Buy at Wall Street Zen

Helios Technologies (NYSE:HLIO) 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.

Several other research analysts also recently commented on HLIO. CJS Securities raised Helios Technologies to a “strong-buy” rating in a report on Thursday, December 11th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a report on Monday, December 29th. Finally, Zacks Research raised Helios Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Helios Technologies presently has an average rating of “Buy”.

Helios Technologies Price Performance

NYSE:HLIO opened at $65.00 on Friday. The company has a quick ratio of 1.58, a current ratio of 2.90 and a debt-to-equity ratio of 0.39. The firm has a market cap of $2.15 billion, a PE ratio of 44.83 and a beta of 1.26. Helios Technologies has a 12 month low of $24.76 and a 12 month high of $76.47. The company’s 50-day moving average price is $66.68 and its two-hundred day moving average price is $58.42.

Helios Technologies (NYSE:HLIO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.10. The company had revenue of $210.70 million during the quarter. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%.

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.