Helios Technologies (NYSE:HLIO) Shares Up 2.9% – What’s Next?

Helios Technologies, Inc (NYSE:HLIO) shares traded up 2.9% during trading on Thursday . The stock traded as high as $66.10 and last traded at $65.90. 299,962 shares were traded during trading, a decline of 4% from the average session volume of 312,733 shares. The stock had previously closed at $64.05.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HLIO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Helios Technologies in a report on Monday, December 29th. Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, January 5th. Wall Street Zen downgraded shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, December 14th. Finally, CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Helios Technologies currently has a consensus rating of “Moderate Buy”.

Helios Technologies Price Performance

The stock has a 50-day moving average price of $57.74. The stock has a market capitalization of $2.18 billion, a price-to-earnings ratio of 65.25 and a beta of 1.29. 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 released its quarterly earnings results on Monday, November 3rd. The company reported $0.72 EPS 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 analyst estimates of $213.10 million. Helios Technologies had a net margin of 4.18% and a return on equity of 7.74%.

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.