Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI)‘s stock had its “reduce” rating reaffirmed by research analysts at Instinet in a research note issued to investors on Tuesday. They presently have a $12.31 price objective on the industrial products company’s stock. Instinet’s price objective would indicate a potential downside of 38.54% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. TheStreet upgraded shares of Hollysys Automation Technologies from a “c+” rating to a “b” rating in a report on Thursday, August 10th. ValuEngine lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. 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. BidaskClub upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co upgraded shares of Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $18.65.

Hollysys Automation Technologies (NASDAQ HOLI) traded up 5.37% during trading on Tuesday, hitting $20.03. 1,280,425 shares of the company’s stock were exchanged. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 15.01 and a beta of 1.53. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $23.55. The firm has a 50 day moving average price of $17.86 and a 200 day moving average price of $17.02.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its earnings results on Monday, August 14th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.15. The firm had revenue of $137.96 million during the quarter, compared to the consensus estimate of $152.80 million. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The business’s revenue was down 6.6% on a year-over-year basis. On average, equities research analysts predict that Hollysys Automation Technologies will post $1.70 earnings per share for the current year.

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Hedge funds and other institutional investors have recently modified their holdings of the company. 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 last quarter. Malaga Cove Capital LLC increased its position in shares of Hollysys Automation Technologies by 1.6% in the second quarter. Malaga Cove Capital LLC now owns 62,898 shares of the industrial products company’s stock worth $1,025,000 after buying an additional 979 shares during the last quarter. Parametric Portfolio Associates LLC increased its position in shares of 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 last quarter. Ameriprise Financial Inc. increased its position in shares of 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 last quarter. Finally, 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 last quarter. 69.57% 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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