Hollysys Automation Technologies (HOLI) Upgraded by BidaskClub to Hold
Hollysys Automation Technologies (NASDAQ:HOLI) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.
A number of other research analysts have also recently issued reports on HOLI. Deutsche Bank reissued a “buy” rating and issued a $25.00 price objective (up from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $21.52.
Hollysys Automation Technologies (NASDAQ:HOLI) opened at $24.52 on Friday. The stock has a market cap of $1,464.50, a P/E ratio of 21.51 and a beta of 1.59. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67. Hollysys Automation Technologies has a one year low of $15.08 and a one year high of $27.19.
A number of large investors have recently made changes to their positions in HOLI. Legal & General Group Plc increased its stake in Hollysys Automation Technologies by 67.4% in the third quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 2,957 shares during the last quarter. Financial Counselors Inc. bought a new stake in shares of Hollysys Automation Technologies during the third quarter worth $205,000. Invictus RG bought a new stake in shares of Hollysys Automation Technologies during the third quarter worth $357,000. KBC Group NV grew its stake in shares of Hollysys Automation Technologies by 33.8% during the second quarter. KBC Group NV now owns 21,773 shares of the industrial products company’s stock worth $362,000 after buying an additional 5,504 shares during the last quarter. Finally, BB&T Securities LLC grew its stake in shares of Hollysys Automation Technologies by 17.1% during the third quarter. BB&T Securities LLC now owns 21,758 shares of the industrial products company’s stock worth $470,000 after buying an additional 3,185 shares during the last quarter. 70.67% of the stock is currently owned by institutional investors and hedge funds.
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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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