Stock Rating Downgrade
During the last several trading days the Value Trend Rating for Helios Technologies Inc (NYSE: HLIO) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
Helios Technologies Inc (NYSE: HLIO) stock increased 1.9% on 8/9/24. The shares closed at $43.65. However, trading volume in this advance was unusually low at 57% of normal. The stock has been strong relative to the market over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HLIO is expected to continue to be a Value Builder.
Helios Technologies has a current Value Trend Rating of C (High Neutral). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Helios Technologies has a neutral Appreciation Score of 57 and a slightly positive Power Rating of 61, triggering the High Neutral Value Trend Rating.
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