Hollysys Automation Technologies (HOLI) Upgraded to “Strong-Buy” at ValuEngine

Hollysys Automation Technologies (NASDAQ:HOLI) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Several other equities analysts have also recently weighed in on the company. Zacks Investment Research upgraded Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday. JPMorgan Chase & Co. lowered Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $27.00 to $25.00 in a research report on Friday, February 9th. Finally, BidaskClub raised Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Monday, January 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $21.80.

Shares of Hollysys Automation Technologies (HOLI) traded up $0.59 during trading hours on Wednesday, reaching $25.22. The company’s stock had a trading volume of 353,035 shares, compared to its average volume of 260,043. The company has a current ratio of 2.90, a quick ratio of 2.76 and a debt-to-equity ratio of 0.03. Hollysys Automation Technologies has a fifty-two week low of $15.08 and a fifty-two week high of $27.19. The company has a market cap of $1,501.31, a PE ratio of 16.06 and a beta of 1.61.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.21. Hollysys Automation Technologies had a return on equity of 12.72% and a net margin of 18.89%. The business had revenue of $157.40 million for the quarter. During the same quarter last year, the business posted $0.18 earnings per share. Hollysys Automation Technologies’s revenue was up 58.8% on a year-over-year basis. equities research analysts forecast that Hollysys Automation Technologies will post 1.83 earnings per share for the current year.

Several institutional investors have recently made changes to their positions in the company. Davis Selected Advisers increased its position in shares of Hollysys Automation Technologies by 22.5% during the 3rd quarter. Davis Selected Advisers now owns 4,155,115 shares of the industrial products company’s stock valued at $89,792,000 after purchasing an additional 763,181 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Hollysys Automation Technologies by 15.6% during the 4th quarter. Franklin Resources Inc. now owns 2,774,049 shares of the industrial products company’s stock valued at $61,777,000 after purchasing an additional 374,039 shares during the last quarter. Hermes Investment Management Ltd. increased its position in shares of Hollysys Automation Technologies by 2.3% during the 3rd quarter. Hermes Investment Management Ltd. now owns 2,179,577 shares of the industrial products company’s stock valued at $47,101,000 after purchasing an additional 49,456 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Hollysys Automation Technologies by 7.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,545,510 shares of the industrial products company’s stock valued at $33,398,000 after purchasing an additional 107,372 shares during the last quarter. Finally, Vident Investment Advisory LLC increased its position in shares of Hollysys Automation Technologies by 43.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 1,158,939 shares of the industrial products company’s stock valued at $25,045,000 after purchasing an additional 350,648 shares during the last quarter. 68.76% of the stock is owned by hedge funds and other institutional investors.

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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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