Hollysys Automation Technologies Ltd. (HOLI) Lowered to Hold at Zacks Investment Research
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday.
According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “
Separately, Deutsche Bank AG assumed coverage on shares of Hollysys Automation Technologies in a research note on Monday, July 11th. They issued a “buy” rating and a $25.80 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $21.78.
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Shares of Hollysys Automation Technologies (NASDAQ:HOLI) traded down 4.06% during midday trading on Monday, reaching $20.58. 137,865 shares of the company’s stock traded hands. Hollysys Automation Technologies has a 52-week low of $15.00 and a 52-week high of $23.55. The firm has a market cap of $1.23 billion, a PE ratio of 10.47 and a beta of 2.06. The company has a 50 day moving average of $21.80 and a 200 day moving average of $19.58.
The business also recently announced an annual dividend, which will be paid on Friday, November 11th. Investors of record on Wednesday, October 26th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 24th.
A number of hedge funds and other institutional investors have recently modified their holdings of HOLI. 1st Global Advisors Inc. raised its position in shares of Hollysys Automation Technologies by 3.0% in the second quarter. 1st Global Advisors Inc. now owns 13,190 shares of the company’s stock valued at $229,000 after buying an additional 386 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its position in shares of Hollysys Automation Technologies by 11.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,460 shares of the company’s stock valued at $199,000 after buying an additional 1,175 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Hollysys Automation Technologies by 11.1% in the first quarter. Geode Capital Management LLC now owns 22,820 shares of the company’s stock valued at $480,000 after buying an additional 2,279 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in shares of Hollysys Automation Technologies by 984.8% in the third quarter. BNP Paribas Arbitrage SA now owns 6,639 shares of the company’s stock valued at $147,000 after buying an additional 6,027 shares in the last quarter. Finally, Rational Advisors LLC bought a new position in shares of Hollysys Automation Technologies during the second quarter valued at about $118,000. 51.78% of the stock is currently owned by institutional investors and hedge funds.
Hollysys Automation Technologies Company Profile
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