BidaskClub upgraded shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) from a strong sell rating to a sell rating in a report released on Monday, July 24th.
Other research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Hollysys Automation Technologies from a hold rating to a strong sell rating in a report on Tuesday, May 16th. ValuEngine cut shares of Hollysys Automation Technologies from a buy rating to a hold rating in a research note on Friday, June 2nd. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $19.85.
Hollysys Automation Technologies (NASDAQ HOLI) opened at 18.89 on Monday. The stock has a 50 day moving average price of $17.71 and a 200 day moving average price of $17.00. The firm has a market capitalization of $1.14 billion, a P/E ratio of 14.16 and a beta of 1.53. Hollysys Automation Technologies has a one year low of $15.08 and a one year high of $23.55.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Thursday, May 11th. The industrial products company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The business had revenue of $91.30 million for the quarter, compared to the consensus estimate of $99.35 million. The firm’s revenue was down 23.1% compared to the same quarter last year. On average, equities analysts predict that Hollysys Automation Technologies will post $1.38 EPS for the current fiscal year.
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Hedge funds and other institutional investors have recently made changes to their positions in the stock. Davis Selected Advisers boosted its position in shares of Hollysys Automation Technologies by 168.7% in the second quarter. Davis Selected Advisers now owns 3,391,934 shares of the industrial products company’s stock worth $56,340,000 after buying an additional 2,129,546 shares during the period. Hermes Investment Management Ltd. boosted its position in shares of Hollysys Automation Technologies by 265.1% in the second quarter. Hermes Investment Management Ltd. now owns 2,130,121 shares of the industrial products company’s stock worth $35,381,000 after buying an additional 1,546,614 shares during the period. Kopernik Global Investors LLC purchased a new position in shares of Hollysys Automation Technologies during the first quarter worth about $10,476,000. Norges Bank purchased a new position in shares of Hollysys Automation Technologies during the fourth quarter worth about $10,978,000. Finally, Pictet Asset Management Ltd. boosted its position in shares of Hollysys Automation Technologies by 23.4% in the first quarter. Pictet Asset Management Ltd. now owns 2,935,168 shares of the industrial products company’s stock worth $49,692,000 after buying an additional 556,260 shares during the period. 70.39% of the stock is currently owned by institutional investors and hedge funds.
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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