Helios Technologies (NYSE:HLIO) Shares Gap Up Following Earnings Beat

Helios Technologies, Inc (NYSE:HLIO - Get Free Report)'s stock price gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $74.38, but opened at $76.47. Helios Technologies shares last traded at $72.54, with a volume of 75,843 shares.Get Helios Technologies alerts:The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.10. Helios Technologies had a return on equity of 7.74% and a net margin of 4.18%.The company had revenue of $210.70 million for the quarter. Wall Street Analyst Weigh InA number of equities research analysts have recently weighed in on HLIO shares. CJS Securities raised Helios Technologies to a "strong-buy" rating in a report on Thursday, December 11th. Zacks Research lowered Helios Technologies from a "strong-buy" rating to a "hold" rating in a report on Monday, January 5th. Weiss Ratings reissued a "hold (c)" rating on shares of Helios Technologies in a research note on Monday, December 29th. Finally, 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. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".Read Our Latest Analysis on Helios TechnologiesHelios Technologies Stock Down 4.6%The company has a market capitalization of $2.35 billion, a price-to-earnings ratio of 70.29 and a beta of 1.26. 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 business has a 50-day moving average price of $65.64 and a 200-day moving average price of $57.94. About Helios Technologies (Get Free Report)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.Featured StoriesFive stocks we like better than Helios TechnologiesThe gold chart Wall Street is terrified of…America’s 1776 happening againBuy this Gold Stock Before May 2026I'm 70 With $1.5M: Would Converting $120K a Year to a Roth Be Smart or a Costly Mistake? (Ask An Advisor)ALERT: Drop these 5 stocks before the market opens tomorrow!This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Helios Technologies Right Now?Before you consider Helios Technologies, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helios Technologies wasn't on the list.While Helios Technologies currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here