BidaskClub Upgrades Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) to “Hold”
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Tuesday, August 1st.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research cut Hollysys Automation Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th. ValuEngine cut Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.85.
Shares of Hollysys Automation Technologies (HOLI) traded down 0.68% during trading on Tuesday, hitting $18.89. 247,581 shares of the company traded hands. The company has a 50-day moving average of $17.71 and a 200-day moving average of $17.00. The stock has a market capitalization of $1.14 billion, a PE ratio of 14.16 and a beta of 1.53. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $23.55.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Thursday, May 11th. The industrial products company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.06. The business had revenue of $91.30 million for the quarter, compared to analysts’ expectations of $99.35 million. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. Equities analysts expect that Hollysys Automation Technologies will post $1.38 EPS for the current year.
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Large investors have recently bought and sold shares of the company. Financial Counselors Inc. boosted its stake 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 stake in shares of 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 worth $1,025,000 after buying an additional 979 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in shares of 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 worth $578,000 after buying an additional 1,362 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of 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 worth $593,000 after buying an additional 1,657 shares in the last quarter. Finally, Edinburgh Partners Ltd boosted its stake in shares of 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 worth $254,000 after buying an additional 2,600 shares in the last quarter. Hedge funds and other institutional investors own 70.39% 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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