Hollysys Automation Technologies (NASDAQ:HOLI) announced its quarterly earnings data 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, Briefing.com reports. Hollysys Automation Technologies had a net margin of 18.89% and a return on equity of 12.72%. The company had revenue of $157.40 million during the quarter. During the same quarter in the previous year, the firm earned $0.18 earnings per share. Hollysys Automation Technologies’s revenue was up 58.8% on a year-over-year basis.
Shares of Hollysys Automation Technologies (NASDAQ HOLI) traded up $0.41 on Friday, reaching $25.63. 206,000 shares of the company’s stock were exchanged, compared to its average volume of 254,178. The stock has a market cap of $1,521.83, a price-to-earnings ratio of 16.32 and a beta of 1.61. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.76 and a current ratio of 2.90. Hollysys Automation Technologies has a 1-year low of $15.08 and a 1-year high of $27.19.
An institutional investor recently raised its position in Hollysys Automation Technologies stock. State Street Corp raised its stake in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 17.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 41,750 shares of the industrial products company’s stock after buying an additional 6,142 shares during the period. State Street Corp owned about 0.07% of Hollysys Automation Technologies worth $693,000 as of its most recent SEC filing. 68.76% of the stock is currently owned by institutional investors.
HOLI has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $27.00 to $25.00 in a report on Friday, February 9th. ValuEngine upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. BidaskClub upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Monday, January 22nd. Finally, Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a report on Thursday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Hollysys Automation Technologies currently has a consensus rating of “Hold” and a consensus price target of $22.58.
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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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