Helios Technologies (NASDAQ:HLIO) Hits New 52-Week Low – Should You Sell?

Helios Technologies, Inc. (NASDAQ:HLIO)’s share price hit a new 52-week low during trading on Tuesday . The company traded as low as $34.75 and last traded at $34.85, with a volume of 35263 shares traded. The stock had previously closed at $35.74.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus cut their price objective on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th.

Helios Technologies Price Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The firm has a market cap of $1.17 billion, a PE ratio of 31.10 and a beta of 0.90. The business’s fifty day moving average is $41.52 and its 200-day moving average is $45.56.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.09 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. Helios Technologies’s payout ratio is 30.77%.

Helios Technologies announced that its board has initiated a share repurchase plan on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Hedge Funds Weigh In On Helios Technologies

Hedge funds have recently bought and sold shares of the company. Signaturefd LLC grew its position in shares of Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after purchasing an additional 287 shares in the last quarter. Aquatic Capital Management LLC grew its position in Helios Technologies by 148.8% during the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock worth $167,000 after buying an additional 2,232 shares in the last quarter. Truvestments Capital LLC bought a new position in Helios Technologies in the 3rd quarter worth about $179,000. Dark Forest Capital Management LP bought a new stake in shares of Helios Technologies during the 4th quarter valued at about $214,000. Finally, Intech Investment Management LLC bought a new stake in shares of Helios Technologies during the 3rd quarter valued at about $224,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions 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; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.