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In a challenging market environment, Helios Technologies (NYSE:HLIO) stock has touched a 52-week low of $24.88, with the current price at $26.91 representing a 53% decline from its 52-week high of $57.29. According to InvestingPro analysis, technical indicators suggest the stock is in oversold territory. The industrial technology company, known for its innovative hydraulic and electronic control solutions, has faced significant headwinds over the past year, with a YTD decline of 40.48%. Despite these challenges, the company maintains strong fundamentals with a healthy current ratio of 2.77 and has maintained dividend payments for 29 consecutive years, currently yielding 1.36%. InvestingPro analysis indicates the stock is currently undervalued, with additional technical insights and a comprehensive Pro Research Report available for subscribers looking to make informed investment decisions.
In other recent news, Helios Technologies reported its fourth-quarter earnings for 2024, showing mixed results. The company's revenue reached $179.5 million, surpassing expectations of $176.21 million, while earnings per share (EPS) fell short at $0.33 against the forecasted $0.41. Despite the earnings miss, Helios Technologies provided optimistic guidance for 2025, projecting revenue between $775 million and $825 million and an adjusted EBITDA margin between 18.0% and 20.0%. Analysts at Stifel maintained their Buy rating on Helios Technologies, with a price target of $60, reflecting confidence in the company's strategic direction and future performance. The firm highlighted Helios's solid fourth-quarter performance and positive outlook, suggesting potential for improved market conditions. In another development, Helios Technologies announced a quarterly cash dividend of $0.09 per share, continuing its 28-year streak of consecutive payouts. Additionally, the company introduced a $100 million share repurchase program, signaling confidence in its financial health and commitment to enhancing shareholder value.
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