Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, Zacks.com reports.

According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “

Several other analysts also recently weighed in on the stock. Goldman Sachs Group raised shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating and set a $18.70 price target for the company in a research note on Monday, November 4th. ValuEngine raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, BidaskClub downgraded shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $20.23.

Hollysys Automation Technologies stock traded down $0.95 during mid-day trading on Friday, hitting $14.59. The company’s stock had a trading volume of 209,696 shares, compared to its average volume of 179,740. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.25. The stock has a market cap of $947.34 million, a price-to-earnings ratio of 7.56 and a beta of 1.47. The business has a 50 day moving average price of $16.14 and a 200-day moving average price of $15.60. Hollysys Automation Technologies has a 12 month low of $13.59 and a 12 month high of $24.10.

Several large investors have recently modified their holdings of HOLI. M&G Investment Management Ltd. bought a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at about $45,072,000. FIL Ltd raised its stake in shares of Hollysys Automation Technologies by 45.7% during the fourth quarter. FIL Ltd now owns 2,078,471 shares of the industrial products company’s stock valued at $34,108,000 after acquiring an additional 652,339 shares during the last quarter. Point72 Asset Management L.P. raised its stake in shares of Hollysys Automation Technologies by 6,070.8% during the fourth quarter. Point72 Asset Management L.P. now owns 408,876 shares of the industrial products company’s stock valued at $6,710,000 after acquiring an additional 402,250 shares during the last quarter. Morgan Stanley raised its stake in shares of Hollysys Automation Technologies by 1,365.3% during the second quarter. Morgan Stanley now owns 222,761 shares of the industrial products company’s stock valued at $4,232,000 after acquiring an additional 207,559 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Hollysys Automation Technologies by 17.6% during the fourth quarter. Renaissance Technologies LLC now owns 892,218 shares of the industrial products company’s stock valued at $14,641,000 after buying an additional 133,334 shares during the period. 83.72% of the stock is owned by hedge funds and other institutional investors.

About Hollysys Automation Technologies

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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