Hollysys Automation Technologies (NASDAQ:HOLI) Upgraded by BidaskClub to “Sell”

BidaskClub upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a strong sell rating to a sell rating in a research report report published on Thursday, BidAskClub reports.

A number of other equities research analysts also recently commented on the stock. Zacks Investment Research raised shares of Hollysys Automation Technologies from a hold rating to a buy rating and set a $17.00 price objective on the stock in a research report on Saturday, August 17th. ValuEngine downgraded shares of Hollysys Automation Technologies from a sell rating to a strong sell rating in a research report on Wednesday, July 24th. Finally, TheStreet downgraded shares of Hollysys Automation Technologies from a b- rating to a c rating in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating and two have given a buy rating to the company’s stock. Hollysys Automation Technologies currently has a consensus rating of Hold and an average target price of $21.50.

HOLI traded down $0.11 during trading hours on Thursday, hitting $16.38. 69,982 shares of the company’s stock were exchanged, compared to its average volume of 237,203. Hollysys Automation Technologies has a 12-month low of $13.59 and a 12-month high of $24.10. The firm has a 50 day moving average of $16.11 and a 200 day moving average of $18.82. The firm has a market cap of $996.21 million, a P/E ratio of 7.25 and a beta of 1.40. The company has a current ratio of 3.27, a quick ratio of 3.14 and a debt-to-equity ratio of 0.01.



Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Wednesday, August 14th. The industrial products company reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.14). Hollysys Automation Technologies had a net margin of 21.96% and a return on equity of 15.13%. The firm had revenue of $156.99 million during the quarter, compared to analysts’ expectations of $162.75 million. During the same period in the prior year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was up 6.6% on a year-over-year basis. As a group, research analysts expect that Hollysys Automation Technologies will post 2.4 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of HOLI. CWM LLC boosted its stake in Hollysys Automation Technologies by 167.0% during the 2nd quarter. CWM LLC now owns 1,335 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 835 shares during the period. Royal Bank of Canada boosted its stake in Hollysys Automation Technologies by 131.3% during the 2nd quarter. Royal Bank of Canada now owns 1,735 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 985 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Hollysys Automation Technologies by 186.3% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 1,944 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 1,265 shares during the period. US Bancorp DE boosted its stake in Hollysys Automation Technologies by 54.6% during the 2nd quarter. US Bancorp DE now owns 3,144 shares of the industrial products company’s stock worth $60,000 after purchasing an additional 1,110 shares during the period. Finally, Quantamental Technologies LLC boosted its stake in Hollysys Automation Technologies by 440.4% during the 2nd quarter. Quantamental Technologies LLC now owns 3,361 shares of the industrial products company’s stock worth $64,000 after purchasing an additional 2,739 shares during the period. 74.64% of the stock is currently owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Company Profile

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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