ValuEngine upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a hold rating to a buy rating in a research report released on Friday morning.
Several other brokerages also recently weighed in on HOLI. BidaskClub upgraded Hollysys Automation Technologies from a sell rating to a hold rating in a report on Monday, January 22nd. Zacks Investment Research downgraded Hollysys Automation Technologies from a buy rating to a hold rating in a report on Friday, November 17th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $21.52.
Shares of Hollysys Automation Technologies (HOLI) opened at $24.07 on Friday. The stock has a market capitalization of $1,477.18, a P/E ratio of 21.86 and a beta of 1.61. Hollysys Automation Technologies has a one year low of $15.08 and a one year high of $27.19. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.03.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings data 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. Hollysys Automation Technologies had a return on equity of 9.65% and a net margin of 15.46%. The business had revenue of $115.50 million during the quarter. During the same period in the previous year, the business earned $0.37 earnings per share. Hollysys Automation Technologies’s revenue for the quarter was up 11.6% on a year-over-year basis. sell-side analysts predict that Hollysys Automation Technologies will post 1.82 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC purchased a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth approximately $162,000. Legal & General Group Plc raised its holdings in shares of Hollysys Automation Technologies by 67.4% in the third quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock worth $159,000 after buying an additional 2,957 shares during the period. Financial Counselors Inc. purchased a new position in Hollysys Automation Technologies during the 3rd quarter worth $205,000. Invictus RG purchased a new position in Hollysys Automation Technologies during the 3rd quarter worth $357,000. Finally, BB&T Securities LLC increased its holdings in Hollysys Automation Technologies by 17.1% during the 3rd quarter. BB&T Securities LLC now owns 21,758 shares of the industrial products company’s stock worth $470,000 after purchasing an additional 3,185 shares during the period. Hedge funds and other institutional investors own 70.00% of the company’s stock.
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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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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