Hollysys Automation Technologies (HOLI) Stock Rating Lowered by BidaskClub
Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.
Other research analysts have also issued reports about the company. Deutsche Bank reiterated a “buy” rating and issued a $25.00 price objective (up from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. Zacks Investment Research upgraded Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research report on Thursday, November 16th. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective for the company in a research report on Tuesday, August 15th. Finally, Instinet reiterated a “reduce” rating and issued a $12.31 price objective on shares of Hollysys Automation Technologies in a research report on Tuesday, August 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Hollysys Automation Technologies presently has an average rating of “Hold” and a consensus price target of $21.52.
Hollysys Automation Technologies (HOLI) opened at $22.78 on Friday. The firm has a market capitalization of $1,374.59, a P/E ratio of 20.34 and a beta of 1.58. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $27.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67.
Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Monday, November 13th. The industrial products company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a return on equity of 9.65% and a net margin of 15.46%. The company’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.37 earnings per share. analysts anticipate that Hollysys Automation Technologies will post 1.82 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its position in shares of Hollysys Automation Technologies by 67.4% during 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 shares of Hollysys Automation Technologies during the third quarter worth $205,000. Edinburgh Partners Ltd boosted its position in shares of Hollysys Automation Technologies by 22.0% during the second quarter. Edinburgh Partners Ltd now owns 18,300 shares of the industrial products company’s stock worth $304,000 after buying an additional 3,300 shares during the period. BB&T Securities LLC purchased a new position in shares of Hollysys Automation Technologies during the second quarter worth $308,000. Finally, Invictus RG purchased a new position in shares of Hollysys Automation Technologies during the third quarter worth $357,000. Institutional investors and hedge funds own 70.72% of the company’s stock.
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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