Hollysys Automation Technologies (HOLI) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a sell rating to a hold rating in a research report report published on Friday morning.

HOLI has been the topic of several other research reports. Zacks Investment Research cut Hollysys Automation Technologies from a buy rating to a hold rating in a research report on Friday, November 17th. Deutsche Bank reaffirmed a buy rating and set a $25.00 target price (up previously from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $21.52.

Shares of Hollysys Automation Technologies (NASDAQ:HOLI) traded up $0.17 during midday trading on Friday, reaching $24.69. The company’s stock had a trading volume of 129,300 shares, compared to its average volume of 227,100. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67. The company has a market cap of $1,490.00, a PE ratio of 22.04 and a beta of 1.58. Hollysys Automation Technologies has a 1-year low of $15.08 and a 1-year high of $27.19.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Monday, November 13th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $115.50 million for the quarter. Hollysys Automation Technologies had a return on equity of 9.65% and a net margin of 15.46%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period last year, the business posted $0.37 EPS. analysts forecast that Hollysys Automation Technologies will post 1.82 EPS for the current year.

Several institutional investors have recently bought and sold shares of HOLI. Legal & General Group Plc boosted its position in shares of Hollysys Automation Technologies by 67.4% in the 3rd quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock worth $159,000 after purchasing an additional 2,957 shares in the last quarter. Financial Counselors Inc. acquired a new stake in shares of Hollysys Automation Technologies in the 3rd quarter worth $205,000. Invictus RG acquired a new stake in shares of Hollysys Automation Technologies in the 3rd quarter worth $357,000. KBC Group NV boosted its position in shares of Hollysys Automation Technologies by 33.8% in the 2nd quarter. KBC Group NV now owns 21,773 shares of the industrial products company’s stock worth $362,000 after purchasing an additional 5,504 shares in the last quarter. Finally, BB&T Securities LLC raised its stake in Hollysys Automation Technologies by 17.1% in the 3rd quarter. BB&T Securities LLC now owns 21,758 shares of the industrial products company’s stock worth $470,000 after acquiring an additional 3,185 shares during the last quarter. 70.67% of the stock is owned by hedge funds and other institutional investors.

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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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