Hollysys Automation Technologies (HOLI) Downgraded to Hold at Zacks Investment Research

Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

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. “

A number of other analysts also recently issued reports on the company. BidaskClub downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. ValuEngine raised Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, JPMorgan Chase & Co. downgraded Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $27.00 to $25.00 in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $21.80.

Hollysys Automation Technologies (HOLI) opened at $25.22 on Thursday. Hollysys Automation Technologies has a 52 week low of $15.08 and a 52 week high of $27.19. The company has a quick ratio of 2.76, a current ratio of 2.90 and a debt-to-equity ratio of 0.03. The company has a market capitalization of $1,520.00, a price-to-earnings ratio of 16.27 and a beta of 1.61.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Thursday, February 8th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.21. Hollysys Automation Technologies had a return on equity of 12.72% and a net margin of 18.89%. The business had revenue of $157.40 million during the quarter. During the same period last year, the business earned $0.18 earnings per share. The firm’s revenue was up 58.8% compared to the same quarter last year. equities analysts predict that Hollysys Automation Technologies will post 1.83 earnings per share for the current year.

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of Hollysys Automation Technologies in the 4th quarter worth $162,000. Legal & General Group Plc increased its stake 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 acquiring an additional 2,957 shares during the last quarter. Financial Counselors Inc. acquired a new stake in shares of Hollysys Automation Technologies in the 3rd quarter worth $205,000. HBK Investments L P acquired a new stake in shares of Hollysys Automation Technologies during the 4th quarter worth about $301,000. Finally, Invictus RG acquired a new stake in shares of Hollysys Automation Technologies during the 3rd quarter worth about $357,000. 68.76% of the stock is owned by institutional investors and hedge funds.

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About Hollysys Automation Technologies

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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