Hollysys Automation Technologies, Ltd. (HOLI) To Go Ex-Dividend on October 13th
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) announced an annual dividend on Tuesday, September 26th, Zacks reports. Stockholders of record on Monday, October 16th will be given a dividend of 0.12 per share by the industrial products company on Monday, November 6th. This represents a dividend yield of 0.56%. The ex-dividend date of this dividend is Friday, October 13th.
Shares of Hollysys Automation Technologies (NASDAQ:HOLI) opened at 21.14 on Friday. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $22.74. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 18.53 and a beta of 1.48. The stock has a 50 day moving average of $20.54 and a 200 day moving average of $17.83.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Monday, August 14th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.15). Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. The business had revenue of $137.96 million during the quarter, compared to analyst estimates of $152.80 million. The company’s revenue was down 6.6% compared to the same quarter last year. Equities analysts predict that Hollysys Automation Technologies will post $1.69 EPS for the current fiscal year.
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HOLI has been the subject of a number of analyst reports. Deutsche Bank AG restated a “buy” rating and issued a $25.00 price objective (up from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. Zacks Investment Research cut shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. BidaskClub upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. J P Morgan Chase & Co upgraded shares of Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective for the company in a research note on Tuesday, August 15th. Finally, Instinet restated a “reduce” rating and issued a $12.31 price objective on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.65.
A hedge fund recently raised its stake in Hollysys Automation Technologies stock. State Street Corp raised its holdings in Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 17.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,750 shares of the industrial products company’s stock after buying an additional 6,142 shares during the quarter. State Street Corp owned 0.07% of Hollysys Automation Technologies worth $693,000 as of its most recent SEC filing. 68.02% of the stock is currently owned by institutional investors.
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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