Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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. “

HOLI has been the subject of several other reports. BidaskClub upgraded Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price target for the company in a research report on Tuesday. TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research report on Thursday, August 10th. ValuEngine cut Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Instinet reiterated a “reduce” rating and issued a $12.31 price target on shares of Hollysys Automation Technologies in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hollysys Automation Technologies currently has a consensus rating of “Hold” and an average price target of $18.65.

Hollysys Automation Technologies (NASDAQ:HOLI) traded down 1.40% during mid-day trading on Wednesday, hitting $19.75. The stock had a trading volume of 499,124 shares. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 14.81 and a beta of 1.53. The firm’s 50-day moving average is $17.95 and its 200 day moving average is $17.04. 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 Monday, August 14th. The industrial products company reported $0.37 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by $0.15. The company had revenue of $137.96 million during the quarter, compared to analysts’ expectations of $152.80 million. Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 10.03%. The company’s revenue was down 6.6% compared to the same quarter last year. Equities analysts anticipate that Hollysys Automation Technologies will post $1.67 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of HOLI. Financial Counselors Inc. boosted its position 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 valued at $186,000 after buying an additional 368 shares during the last quarter. Malaga Cove Capital LLC boosted its position in 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 valued at $1,025,000 after buying an additional 979 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position 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 valued at $578,000 after buying an additional 1,362 shares during the last quarter. Ameriprise Financial Inc. boosted its position 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 valued at $593,000 after buying an additional 1,657 shares during the last quarter. Finally, Edinburgh Partners Ltd boosted 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. Institutional investors and hedge funds own 69.57% of the company’s stock.

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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