Hollysys Automation Technologies (HOLI) Announces Quarterly Results
Hollysys Automation Technologies (NASDAQ:HOLI) announced its quarterly earnings results on Thursday. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08, American Banking and Market News reports.
A number of analysts have recently weighed in on HOLI shares. Analysts at Zacks downgraded shares of Hollysys Automation Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $26.50 price target on the stock. On a related note, analysts at Goldman Sachs initiated coverage on shares of Hollysys Automation Technologies in a research note on Thursday, June 12th. They set a “buy” rating and a $26.20 price target on the stock. Finally, analysts at Morgan Stanley initiated coverage on shares of Hollysys Automation Technologies in a research note on Wednesday, May 28th. They set an “overweight” rating and a $25.80 price target on the stock.
Hollysys Automation Technologies (NASDAQ:HOLI) opened at 22.45 on Thursday. Hollysys Automation Technologies has a 52-week low of $12.89 and a 52-week high of $25.07. The stock’s 50-day moving average is $22.65 and its 200-day moving average is $20.99. The company has a market cap of $1.308 billion and a P/E ratio of 21.44.
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) is a provider of automation and control technologies and applications in the People’s Republic of China and in Southeast Asia and the Middle East.
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