Hollysys Automation Technologies (NASDAQ:HOLI) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a report released on Tuesday.

Several other brokerages also recently weighed in on HOLI. ValuEngine raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. JPMorgan Chase & Co. raised shares of Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and lowered their target price for the company from $26.00 to $24.00 in a report on Wednesday, November 14th. Finally, TheStreet downgraded shares of Hollysys Automation Technologies from a “b-” rating to a “c+” rating in a report on Wednesday, December 26th. Two analysts have rated the stock with a sell rating and three have given a buy rating to the company. Hollysys Automation Technologies presently has an average rating of “Hold” and a consensus price target of $25.50.

Shares of NASDAQ:HOLI opened at $21.23 on Tuesday. The stock has a market capitalization of $1.28 billion, a PE ratio of 11.93 and a beta of 1.44. The company has a current ratio of 3.17, a quick ratio of 3.05 and a debt-to-equity ratio of 0.03. Hollysys Automation Technologies has a fifty-two week low of $16.00 and a fifty-two week high of $28.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Tuesday, November 13th. The industrial products company reported $0.46 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.52 by ($0.06). The firm had revenue of $138.72 million during the quarter, compared to analysts’ expectations of $137.58 million. Hollysys Automation Technologies had a net margin of 20.16% and a return on equity of 13.69%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.36 EPS. On average, equities analysts predict that Hollysys Automation Technologies will post 2.11 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems acquired a new stake in shares of Hollysys Automation Technologies in the third quarter valued at about $102,000. Marshall Wace LLP acquired a new stake in shares of Hollysys Automation Technologies in the second quarter valued at about $244,000. Paloma Partners Management Co acquired a new stake in shares of Hollysys Automation Technologies in the second quarter valued at about $294,000. Advisors Asset Management Inc. acquired a new stake in shares of Hollysys Automation Technologies in the second quarter valued at about $477,000. Finally, First Trust Advisors LP acquired a new stake in shares of Hollysys Automation Technologies in the third quarter valued at about $321,000. Hedge funds and other institutional investors own 75.16% of the company’s stock.

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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