Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has received an average rating of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $20.77.
A number of brokerages recently issued reports on HOLI. BidaskClub lowered shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, January 16th. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Thursday, February 15th. ValuEngine upgraded shares of Hollysys Automation Technologies from a “buy” rating to a “strong-buy” rating in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. lowered shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $25.00 in a report on Friday, February 9th.
Hollysys Automation Technologies (HOLI) traded up $0.05 on Wednesday, hitting $26.85. 451,270 shares of the stock were exchanged, compared to its average volume of 374,941. Hollysys Automation Technologies has a one year low of $15.08 and a one year high of $28.35. The company has a current ratio of 2.90, a quick ratio of 2.76 and a debt-to-equity ratio of 0.03. The firm has a market cap of $1,617.17, a P/E ratio of 17.10 and a beta of 1.50.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.21. The company had revenue of $157.40 million for the quarter. Hollysys Automation Technologies had a net margin of 18.89% and a return on equity of 12.72%. The company’s revenue for the quarter was up 58.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 earnings per share. equities analysts predict that Hollysys Automation Technologies will post 1.83 earnings per share for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the business. State Street Corp increased its stake in shares of Hollysys Automation Technologies by 17.2% in the 2nd quarter. State Street Corp now owns 41,750 shares of the industrial products company’s stock valued at $693,000 after acquiring an additional 6,142 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Hollysys Automation Technologies by 20.1% in the 3rd quarter. First Trust Advisors LP now owns 139,666 shares of the industrial products company’s stock worth $3,018,000 after buying an additional 23,400 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Hollysys Automation Technologies by 65.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 923,188 shares of the industrial products company’s stock worth $19,950,000 after buying an additional 364,971 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Hollysys Automation Technologies by 4.7% in the 3rd quarter. Nordea Investment Management AB now owns 582,375 shares of the industrial products company’s stock worth $12,585,000 after buying an additional 25,900 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings 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 buying an additional 2,957 shares during the last quarter. Hedge funds and other institutional investors own 68.26% 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.
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