Hollysys Automation Technologies (NASDAQ:HOLI) announced its quarterly earnings results on Wednesday. The industrial products company reported $0.49 EPS for the quarter, beating the consensus estimate of $0.48 by $0.01, Fidelity Earnings reports. Hollysys Automation Technologies had a net margin of 21.96% and a return on equity of 15.13%. The company had revenue of $123.23 million for the quarter.
Shares of NASDAQ HOLI traded up $0.05 during mid-day trading on Thursday, reaching $15.53. 167,900 shares of the company traded hands, compared to its average volume of 248,856. Hollysys Automation Technologies has a fifty-two week low of $13.59 and a fifty-two week high of $24.10. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.25 and a quick ratio of 3.12. The firm has a market cap of $952.80 million, a PE ratio of 6.87 and a beta of 1.39. The stock has a fifty day simple moving average of $14.75 and a 200-day simple moving average of $16.94.
The business also recently disclosed an annual dividend, which was paid on Tuesday, November 12th. Investors of record on Tuesday, October 22nd were paid a dividend of $0.21 per share. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend was Monday, October 21st. This is a positive change from Hollysys Automation Technologies’s previous annual dividend of $0.18. Hollysys Automation Technologies’s dividend payout ratio (DPR) is currently 9.29%.
HOLI has been the topic of several analyst reports. TheStreet lowered shares of Hollysys Automation Technologies from a “b-” rating to a “c” rating in a research note on Monday, August 5th. ValuEngine upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Goldman Sachs Group upgraded shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating and set a $18.70 price target on the stock in a research note on Monday, November 4th. Finally, BidaskClub lowered shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.23.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.
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