Hollysys Automation Technologies Ltd (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Tuesday.

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. “

A number of other research analysts have also commented on the company. TheStreet lowered Hollysys Automation Technologies from a “b-” rating to a “c+” rating in a report on Tuesday, February 21st. Deutsche Bank AG raised Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a report on Wednesday, February 15th. Finally, Citigroup Inc lowered Hollysys Automation Technologies from a “buy” rating to a “neutral” rating and set a $18.70 target price on the stock. in a report on Wednesday, February 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $20.26.

Hollysys Automation Technologies (NASDAQ:HOLI) traded up 3.43% during trading on Tuesday, reaching $17.19. The company’s stock had a trading volume of 895,809 shares. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $23.55. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 11.99 and a beta of 1.46. The stock’s 50-day moving average is $16.06 and its 200 day moving average is $17.71.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.06. The company had revenue of $91.30 million for the quarter, compared to analyst estimates of $99.35 million. Hollysys Automation Technologies had a net margin of 21.02% and a return on equity of 17.04%. Hollysys Automation Technologies’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, analysts predict that Hollysys Automation Technologies will post $1.49 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in HOLI. Financial Counselors Inc. raised its stake in Hollysys Automation Technologies by 3.5% in the first quarter. Financial Counselors Inc. now owns 10,959 shares of the industrial products company’s stock worth $186,000 after buying an additional 368 shares during the period. Ellington Management Group LLC raised its stake in Hollysys Automation Technologies by 11.8% in the fourth quarter. Ellington Management Group LLC now owns 11,400 shares of the industrial products company’s stock worth $209,000 after buying an additional 1,200 shares during the period. I.G. Investment Management LTD. raised its stake in Hollysys Automation Technologies by 0.5% in the fourth quarter. I.G. Investment Management LTD. now owns 251,682 shares of the industrial products company’s stock worth $4,611,000 after buying an additional 1,292 shares during the period. Parametric Portfolio Associates LLC raised its stake in Hollysys Automation Technologies by 4.2% in the first quarter. Parametric Portfolio Associates LLC now owns 34,169 shares of the industrial products company’s stock worth $578,000 after buying an additional 1,362 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Hollysys Automation Technologies by 5.0% in the first quarter. Ameriprise Financial Inc. now owns 35,029 shares of the industrial products company’s stock worth $593,000 after buying an additional 1,657 shares during the period. 53.69% of the stock is currently owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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