Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) Rating Increased to Hold at Zacks Investment Research
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report released on Wednesday.
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. “
Other research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. BidaskClub upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $19.85.
Shares of Hollysys Automation Technologies (NASDAQ HOLI) traded up 0.23% during midday trading on Wednesday, reaching $17.14. 131,895 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $16.57 and a 200-day moving average price of $17.11. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $23.55. The stock has a market cap of $1.03 billion, a P/E ratio of 12.85 and a beta of 1.50.
Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.06. The firm had revenue of $91.30 million during the quarter, compared to analyst estimates of $99.35 million. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The business’s quarterly revenue was down 23.1% on a year-over-year basis. Analysts forecast that Hollysys Automation Technologies will post $1.40 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Citadel Advisors LLC purchased a new position in shares of Hollysys Automation Technologies during the first quarter worth about $179,000. Financial Counselors Inc. increased its position in shares of 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. HPM Partners LLC purchased a new position in shares of Hollysys Automation Technologies during the first quarter worth about $230,000. Edinburgh Partners Ltd increased its position in shares of Hollysys Automation Technologies by 21.0% in the first quarter. Edinburgh Partners Ltd now owns 15,000 shares of the industrial products company’s stock worth $254,000 after buying an additional 2,600 shares during the period. Finally, Eqis Capital Management Inc. purchased a new position in shares of Hollysys Automation Technologies during the first quarter worth about $255,000. Hedge funds and other institutional investors own 68.72% of the company’s stock.
About Hollysys Automation Technologies
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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