Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) Given Average Recommendation of “Hold” by Analysts
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) has been assigned an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $18.70.
A number of brokerages have weighed in on HOLI. BidaskClub upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd.
Several institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in shares of Hollysys Automation Technologies during the first quarter worth $179,000. Financial Counselors Inc. raised 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 acquired a new position in Hollysys Automation Technologies during the first quarter valued at $230,000. Edinburgh Partners Ltd raised its position in 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 valued at $254,000 after buying an additional 2,600 shares during the last quarter. Finally, Eqis Capital Management Inc. acquired a new position in Hollysys Automation Technologies during the first quarter valued at $255,000. Institutional investors own 70.83% of the company’s stock.
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Hollysys Automation Technologies (NASDAQ:HOLI) opened at 19.17 on Tuesday. The firm has a market capitalization of $1.16 billion, a PE ratio of 14.37 and a beta of 1.50. The company has a 50-day moving average price of $17.26 and a 200-day moving average price of $16.93. Hollysys Automation Technologies has a 12-month low of $15.08 and a 12-month high of $23.55.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.06. The company had revenue of $91.30 million during the quarter, compared to analyst estimates of $99.35 million. Hollysys Automation Technologies had a net margin of 18.27% and a return on equity of 11.65%. The company’s revenue was down 23.1% on a year-over-year basis. On average, analysts predict that Hollysys Automation Technologies will post $1.40 earnings per share for the current year.
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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