Alert: Major Price Advance (11/6/24)-Helios Technologies Inc (NYSE: HLIO).

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Helios Technologies Inc (NYSE: HLIO) stock closed at $56.28 on 11/6/24 after a major increase of 14.7%. Moreover, exceptionally high trading volume at 343% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and has risen 18.0% during the last week.

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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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Helios Technologies has a neutral Power Rating of 51 and a neutral Appreciation Score of 56, producing the Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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