Hollysys Automation Technologies (HOLI) Stock Rating Lowered by ValuEngine

Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday.

A number of other research firms have also weighed in on HOLI. BidaskClub lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. JPMorgan Chase & Co. raised shares of Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating in a report on Tuesday, May 15th. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a report on Saturday, June 16th. Finally, Citigroup raised shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating in a report on Tuesday, May 15th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $22.33.

Hollysys Automation Technologies opened at $21.83 on Wednesday, MarketBeat Ratings reports. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.79 and a current ratio of 2.96. The company has a market cap of $1.34 billion, a P/E ratio of 18.82 and a beta of 1.62. Hollysys Automation Technologies has a 1-year low of $15.84 and a 1-year high of $28.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Monday, May 14th. The industrial products company reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.08). The firm had revenue of $120.62 million for the quarter, compared to the consensus estimate of $119.06 million. Hollysys Automation Technologies had a return on equity of 13.10% and a net margin of 19.02%. The business’s revenue was up 32.1% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS. research analysts expect that Hollysys Automation Technologies will post 1.83 EPS for the current year.

Several large investors have recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in shares of Hollysys Automation Technologies by 1.0% in the 1st quarter. Franklin Resources Inc. now owns 2,802,995 shares of the industrial products company’s stock worth $69,290,000 after buying an additional 28,946 shares during the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Hollysys Automation Technologies by 1.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,493,229 shares of the industrial products company’s stock worth $36,913,000 after buying an additional 20,595 shares during the last quarter. Vident Investment Advisory LLC increased its holdings in shares of Hollysys Automation Technologies by 22.7% in the 4th quarter. Vident Investment Advisory LLC now owns 1,421,665 shares of the industrial products company’s stock worth $31,660,000 after buying an additional 262,726 shares during the last quarter. FIL Ltd increased its holdings in shares of Hollysys Automation Technologies by 43.3% in the 1st quarter. FIL Ltd now owns 1,140,366 shares of the industrial products company’s stock worth $28,190,000 after buying an additional 344,451 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Hollysys Automation Technologies by 12,030.3% in the 1st quarter. Legal & General Group Plc now owns 891,093 shares of the industrial products company’s stock worth $22,027,000 after buying an additional 883,747 shares during the last quarter. 70.29% of the stock is currently owned by hedge funds and other institutional investors.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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