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

Helios Technologies (NYSE:HLIO) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a report issued on Sunday.

Other analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c)” rating on shares of Helios Technologies in a research note on Monday, December 8th. Zacks Research upgraded shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 5th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Helios Technologies Trading Down 1.4%

Shares of NYSE:HLIO opened at $56.67 on Friday. The company has a quick ratio of 1.72, a current ratio of 2.93 and a debt-to-equity ratio of 0.44. The company’s fifty day moving average is $53.68. Helios Technologies has a 12-month low of $24.76 and a 12-month high of $58.80. The stock has a market capitalization of $1.88 billion, a PE ratio of 56.11 and a beta of 1.30.

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

About Helios Technologies

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.