Hollysys Automation Technologies (NASDAQ:HOLI) Cut to Sell at BidaskClub

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

Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of DISCO CORP/ADR from an underweight rating to a neutral rating in a report on Wednesday, April 17th. Zacks Investment Research cut shares of CGI from a buy rating to a hold rating in a report on Wednesday, June 19th. Finally, ValuEngine raised shares of William Lyon Homes from a strong sell rating to a sell rating in a report on Wednesday, April 10th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $23.50.

Shares of NASDAQ HOLI opened at $18.20 on Tuesday. Hollysys Automation Technologies has a 1 year low of $16.00 and a 1 year high of $24.10. The stock has a market cap of $1.10 billion, a PE ratio of 10.22 and a beta of 1.39. The company’s 50-day simple moving average is $18.52.



Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings results on Monday, May 13th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.07. The company had revenue of $125.20 million during the quarter, compared to analysts’ expectations of $142.40 million. Hollysys Automation Technologies had a net margin of 22.78% and a return on equity of 14.59%. Hollysys Automation Technologies’s revenue was up 3.8% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. Analysts expect that Hollysys Automation Technologies will post 2.08 EPS for the current year.

A number of institutional investors have recently modified their holdings of the business. Campbell & CO Investment Adviser LLC purchased a new position in shares of Hollysys Automation Technologies during the first quarter valued at approximately $260,000. First Trust Advisors LP raised its holdings in shares of Hollysys Automation Technologies by 21.8% during the fourth quarter. First Trust Advisors LP now owns 18,269 shares of the industrial products company’s stock valued at $320,000 after purchasing an additional 3,269 shares during the last quarter. Probity Advisors Inc. raised its holdings in shares of Hollysys Automation Technologies by 28.1% during the first quarter. Probity Advisors Inc. now owns 30,412 shares of the industrial products company’s stock valued at $637,000 after purchasing an additional 6,667 shares during the last quarter. Two Sigma Investments LP purchased a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $566,000. Finally, Marshall Wace North America L.P. raised its holdings in shares of Hollysys Automation Technologies by 458.4% during the first quarter. Marshall Wace North America L.P. now owns 35,762 shares of the industrial products company’s stock valued at $749,000 after purchasing an additional 29,358 shares during the last quarter. 73.33% of the stock is owned by institutional investors and hedge funds.

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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