Helios Technologies (NYSE:HLIO) Shares Down 0.7% – Time to Sell?

Helios Technologies, Inc (NYSE:HLIO)’s stock price traded down 0.7% during trading on Wednesday . The stock traded as low as $72.86 and last traded at $73.91. 154,298 shares were traded during mid-day trading, a decline of 50% from the average session volume of 307,317 shares. The stock had previously closed at $74.46.

Analysts Set New Price Targets

Several equities analysts recently issued reports on HLIO shares. 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 lowered shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a research note on Sunday, December 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a report on Monday, December 29th. Finally, CJS Securities upgraded shares of Helios Technologies to a “strong-buy” rating in a report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Helios Technologies Stock Performance

The stock’s 50-day moving average price is $64.57 and its 200 day moving average price is $57.45. The firm has a market cap of $2.45 billion, a P/E ratio of 73.18 and a beta of 1.30. 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 Company Profile

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.