Hollysys Automation Technologies (HOLI) Upgraded at ValuEngine

Hollysys Automation Technologies (NASDAQ:HOLI) was upgraded by equities research analysts at ValuEngine from a “buy” rating to a “strong-buy” rating in a report issued on Wednesday.

Other research analysts also recently issued research reports about the company. Zacks Investment Research upgraded Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a report on Wednesday. JPMorgan Chase & Co. cut Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $27.00 to $25.00 in a research report on Friday, February 9th. Finally, BidaskClub raised Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hollysys Automation Technologies presently has an average rating of “Hold” and an average price target of $21.80.

Hollysys Automation Technologies (NASDAQ HOLI) traded up $0.59 during mid-day trading on Wednesday, hitting $25.22. The company’s stock had a trading volume of 353,035 shares, compared to its average volume of 260,043. Hollysys Automation Technologies has a 1 year low of $15.08 and a 1 year high of $27.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.90 and a quick ratio of 2.76. The stock has a market cap of $1,501.31, a P/E ratio of 16.06 and a beta of 1.61.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Thursday, February 8th. The industrial products company reported $0.60 earnings per share 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 firm had revenue of $157.40 million for the quarter. During the same quarter last year, the company posted $0.18 EPS. The firm’s revenue was up 58.8% on a year-over-year basis. research analysts forecast that Hollysys Automation Technologies will post 1.83 earnings per share for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Davis Selected Advisers boosted its position in shares of Hollysys Automation Technologies by 22.5% in the 3rd quarter. Davis Selected Advisers now owns 4,155,115 shares of the industrial products company’s stock worth $89,792,000 after purchasing an additional 763,181 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Hollysys Automation Technologies by 15.6% in the 4th quarter. Franklin Resources Inc. now owns 2,774,049 shares of the industrial products company’s stock worth $61,777,000 after purchasing an additional 374,039 shares in the last quarter. Hermes Investment Management Ltd. boosted its position in shares of Hollysys Automation Technologies by 2.3% in the 3rd quarter. Hermes Investment Management Ltd. now owns 2,179,577 shares of the industrial products company’s stock worth $47,101,000 after purchasing an additional 49,456 shares in the last quarter. Jupiter Asset Management Ltd. boosted its position in shares of Hollysys Automation Technologies by 7.5% in the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,545,510 shares of the industrial products company’s stock worth $33,398,000 after purchasing an additional 107,372 shares in the last quarter. Finally, Vident Investment Advisory LLC boosted its position in shares of Hollysys Automation Technologies by 43.4% in the 3rd quarter. Vident Investment Advisory LLC now owns 1,158,939 shares of the industrial products company’s stock worth $25,045,000 after purchasing an additional 350,648 shares in the last quarter. 68.76% of the stock is currently owned by hedge funds and other institutional investors.

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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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