BidaskClub downgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a hold rating to a sell rating in a research note published on Tuesday morning.

A number of other research analysts have also recently commented on the company. Zacks Investment Research raised Hollysys Automation Technologies from a hold rating to a buy rating and set a $29.00 price target on the stock in a research report on Thursday, November 16th. Deutsche Bank reaffirmed a buy rating and set a $25.00 price target (up previously from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $21.52.

Hollysys Automation Technologies (NASDAQ HOLI) traded up $0.31 during mid-day trading on Tuesday, reaching $25.43. The company’s stock had a trading volume of 163,074 shares, compared to its average volume of 206,837. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.67 and a current ratio of 2.82. Hollysys Automation Technologies has a twelve month low of $15.08 and a twelve month high of $27.19. The stock has a market capitalization of $1,515.79, a PE ratio of 22.31 and a beta of 1.59.

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 for the quarter, topping the Thomson Reuters’ 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 for the quarter. During the same period in the prior year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts forecast that Hollysys Automation Technologies will post 1.82 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of HOLI. Bank of New York Mellon Corp lifted its position in shares of Hollysys Automation Technologies by 46.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 558,217 shares of the industrial products company’s stock valued at $9,272,000 after buying an additional 177,577 shares during the last quarter. FMR LLC lifted its holdings in Hollysys Automation Technologies by 23.7% during the 2nd quarter. FMR LLC now owns 70,851 shares of the industrial products company’s stock worth $1,177,000 after purchasing an additional 13,560 shares in the last quarter. California Public Employees Retirement System lifted its holdings in Hollysys Automation Technologies by 5.2% during the 2nd quarter. California Public Employees Retirement System now owns 281,300 shares of the industrial products company’s stock worth $4,672,000 after purchasing an additional 13,900 shares in the last quarter. M&T Bank Corp lifted its holdings in Hollysys Automation Technologies by 26.1% during the 2nd quarter. M&T Bank Corp now owns 67,353 shares of the industrial products company’s stock worth $1,118,000 after purchasing an additional 13,923 shares in the last quarter. Finally, Nordea Investment Management AB lifted its holdings in Hollysys Automation Technologies by 35.6% during the 2nd quarter. Nordea Investment Management AB now owns 556,475 shares of the industrial products company’s stock worth $9,243,000 after purchasing an additional 146,200 shares in the last quarter. 70.72% of the stock is currently owned by hedge funds and other institutional investors.

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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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