Hollysys Automation Technologies Ltd (NASDAQ:HOLI) shares dropped 1.4% on Thursday . The company traded as low as $16.00 and last traded at $21.00. Approximately 30,121 shares traded hands during trading, a decline of 91% from the average daily volume of 326,807 shares. The stock had previously closed at $20.70.

HOLI has been the topic of a number of research analyst reports. Citigroup upgraded shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 15th. ValuEngine downgraded shares of Hollysys Automation Technologies from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research report on Thursday, May 17th. BidaskClub upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 price objective on the stock. in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $25.67.

The stock has a market cap of $1.42 billion, a price-to-earnings ratio of 18.20 and a beta of 1.65. The company has a current ratio of 2.96, a quick ratio of 2.79 and a debt-to-equity ratio of 0.03.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Tuesday, August 14th. The industrial products company reported $0.46 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.49 by ($0.03). Hollysys Automation Technologies had a net margin of 19.02% and a return on equity of 13.10%. The company had revenue of $147.24 million for the quarter, compared to the consensus estimate of $141.59 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. equities analysts forecast that Hollysys Automation Technologies Ltd will post 1.83 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. raised its position in Hollysys Automation Technologies by 1.0% in the first quarter. Franklin Resources Inc. now owns 2,802,995 shares of the industrial products company’s stock worth $69,290,000 after acquiring an additional 28,946 shares during the period. Jupiter Asset Management Ltd. raised its position in Hollysys Automation Technologies by 1.4% in the first quarter. Jupiter Asset Management Ltd. now owns 1,493,229 shares of the industrial products company’s stock worth $36,913,000 after acquiring an additional 20,595 shares during the period. Wells Fargo & Company MN raised its position in Hollysys Automation Technologies by 65.6% in the second quarter. Wells Fargo & Company MN now owns 1,356,737 shares of the industrial products company’s stock worth $30,038,000 after acquiring an additional 537,268 shares during the period. Bank of New York Mellon Corp raised its position in Hollysys Automation Technologies by 17.9% in the second quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock worth $27,058,000 after acquiring an additional 185,807 shares during the period. Finally, FIL Ltd raised its position in Hollysys Automation Technologies by 43.3% in the first quarter. FIL Ltd now owns 1,140,366 shares of the industrial products company’s stock worth $28,190,000 after acquiring an additional 344,451 shares during the period. Institutional investors and hedge funds own 71.29% of the company’s stock.

About Hollysys Automation Technologies (NASDAQ:HOLI)

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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