Could Helios Technologies (SNHY) Change Direction After This Double Bottom Chart Pattern

September 16, 2018 - By Jason Dias

Helios Technologies (NASDAQ:SNHY) Logo

Investors sentiment decreased to 1.23 in Q2 2018. Its down 0.75, from 1.98 in 2018Q1. It worsened, as 12 investors sold Helios Technologies shares while 31 reduced holdings. 13 funds opened positions while 40 raised stakes. 26.69 million shares or 4.56% more from 25.53 million shares in 2018Q1 were reported.
Regions holds 0% of its portfolio in Helios Technologies (NASDAQ:SNHY) for 460 shares. Moreover, Boothbay Fund Mgmt Ltd Liability has 0.03% invested in Helios Technologies (NASDAQ:SNHY). Rhumbline Advisers accumulated 30,314 shares. Renaissance Tech Ltd Liability Co has 0.03% invested in Helios Technologies (NASDAQ:SNHY) for 594,000 shares. Vanguard Group Incorporated owns 0% invested in Helios Technologies (NASDAQ:SNHY) for 2.43M shares. Sei Invests holds 0% or 13 shares. Los Angeles Capital & Equity Rech invested in 5,710 shares or 0% of the stock. Brown Capital Mgmt Llc holds 2.83% or 5.72 million shares. Amalgamated Financial Bank holds 4,378 shares or 0.01% of its portfolio. The Missouri-based Stifel Fincl has invested 0.01% in Helios Technologies (NASDAQ:SNHY). Ameritas Investment Prtn accumulated 2,322 shares. Citadel Limited Liability holds 0% of its portfolio in Helios Technologies (NASDAQ:SNHY) for 32,200 shares. Huntington Bancshares invested 0% of its portfolio in Helios Technologies (NASDAQ:SNHY). Grp reported 0% stake. Jpmorgan Chase owns 8,305 shares or 0% of their US portfolio.

Since May 16, 2018, it had 0 insider buys, and 5 selling transactions for $5.03 million activity. KOSKI ROBERT C sold $494,924 worth of Helios Technologies (NASDAQ:SNHY) on Monday, May 21.

The chart of Helios Technologies (SNHY) shows a double bottom with $51.86 target or 3.00 % below today’s $53.46 share price. The 5 months chart pattern indicates high risk for the $1.69 billion company. It was reported on Sep, 16 by If the $51.86 price target is reached, the company will be worth $50.70 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.31% or $0.69 during the last trading session, reaching $53.46. About 101,873 shares traded. Helios Technologies (NASDAQ:SNHY) has risen 3.44% since September 16, 2017 and is uptrending. It has underperformed by 12.18% the S&P500.

Analysts await Helios Technologies (NASDAQ:SNHY) to report earnings on November, 5. They expect $0.46 EPS, up 6.98 % or $0.03 from last year’s $0.43 per share. SNHY’s profit will be $14.54 million for 29.05 P/E if the $0.46 EPS becomes a reality. After $0.43 actual EPS reported by Helios Technologies for the previous quarter, Wall Street now forecasts 6.98 % EPS growth.

Helios Technologies (NASDAQ:SNHY) Ratings Coverage

Among 4 analysts covering Sun Hydraulics (NASDAQ:SNHY), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Sun Hydraulics had 5 analyst reports since March 23, 2018 according to SRatingsIntel. The stock has “Hold” rating by Sidoti on Tuesday, May 8. The stock has “Buy” rating by Stifel Nicolaus on Wednesday, May 9. On Monday, April 9 the stock rating was maintained by Robert W. Baird with “Neutral”. KeyBanc Capital Markets maintained the shares of SNHY in report on Tuesday, May 8 with “Overweight” rating.

Sun Hydraulics Corporation designs, makes, and sells screw-in cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems to industrial and mobile clients worldwide. The company has market cap of $1.69 billion. The firm operates in two divisions, Hydraulics and Electronics. It has a 47.14 P/E ratio. The Company’s screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.

Helios Technologies (NASDAQ:SNHY) Institutional Positions Chart

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