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

BidaskClub cut shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a sell rating to a strong sell rating in a report released on Friday, BidAskClub reports.

Several other equities analysts have also recently issued reports on the company. TheStreet cut Hollysys Automation Technologies from a b- rating to a c rating in a research report on Monday, August 5th. ValuEngine raised Hollysys Automation Technologies from a strong sell rating to a sell rating in a report on Wednesday. Finally, Zacks Investment Research raised Hollysys Automation Technologies from a hold rating to a buy rating and set a $17.00 price target on the stock in a report on Saturday, August 17th. Two equities research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. Hollysys Automation Technologies presently has an average rating of Hold and an average target price of $21.50.

HOLI stock traded up $0.19 during midday trading on Friday, hitting $14.88. The company’s stock had a trading volume of 152,951 shares, compared to its average volume of 259,646. The company has a market cap of $897.89 million, a PE ratio of 6.58 and a beta of 1.41. Hollysys Automation Technologies has a 12 month low of $13.59 and a 12 month high of $24.10. The company has a current ratio of 3.25, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $15.61 and its 200-day moving average is $18.15.

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

The company also recently declared an annual dividend, which will be paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 22nd will be issued a dividend of $0.21 per share. This represents a dividend yield of 1.38%. This is a boost from Hollysys Automation Technologies’s previous annual dividend of $0.18. The ex-dividend date of this dividend is Monday, October 21st. Hollysys Automation Technologies’s dividend payout ratio is presently 7.96%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HOLI. Harvest Fund Management Co. Ltd bought a new position in shares of Hollysys Automation Technologies during the 2nd quarter valued at $20,566,000. Prudential PLC lifted its holdings in shares of Hollysys Automation Technologies by 7.6% during the 2nd quarter. Prudential PLC now owns 9,348,282 shares of the industrial products company’s stock valued at $177,617,000 after buying an additional 656,729 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Hollysys Automation Technologies by 34.2% during the 2nd quarter. Wells Fargo & Company MN now owns 2,215,249 shares of the industrial products company’s stock valued at $42,090,000 after buying an additional 564,070 shares during the period. FIL Ltd lifted its holdings in shares of Hollysys Automation Technologies by 17.1% during the 1st quarter. FIL Ltd now owns 2,266,022 shares of the industrial products company’s stock valued at $47,450,000 after buying an additional 330,523 shares during the period. Finally, Blackcrane Capital LLC bought a new position in shares of Hollysys Automation Technologies during the 2nd quarter valued at $6,246,000. 74.66% 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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