Hollysys Automation Technologies (NASDAQ:HOLI) Upgraded at Zacks Investment Research

Hollysys Automation Technologies (NASDAQ:HOLI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday, Zacks.com reports. The firm presently has a $16.00 target price on the industrial products company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 12.04% from the stock’s current price.

According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “

Other research analysts have also issued research reports about the stock. BidaskClub lowered shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, October 4th. ValuEngine raised shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Finally, TheStreet lowered shares of Hollysys Automation Technologies from a “b-” rating to a “c” rating in a research note 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. The stock has an average rating of “Hold” and a consensus target price of $21.00.

Shares of HOLI stock opened at $14.28 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.25 and a quick ratio of 3.12. The firm has a market cap of $864.07 million, a PE ratio of 6.32 and a beta of 1.41. The company has a 50-day moving average of $15.06 and a two-hundred day moving average of $17.48. Hollysys Automation Technologies has a 1-year low of $13.59 and a 1-year high of $24.10.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Wednesday, August 14th. The industrial products company reported $0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.14). The company had revenue of $156.99 million for the quarter, compared to analysts’ expectations of $162.75 million. Hollysys Automation Technologies had a return on equity of 15.13% and a net margin of 21.96%. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same period last year, the business earned $0.46 EPS. Sell-side analysts anticipate 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 the company. FMR LLC grew its holdings in shares of Hollysys Automation Technologies by 54.1% during the first quarter. FMR LLC now owns 89,436 shares of the industrial products company’s stock valued at $1,873,000 after buying an additional 31,390 shares during the last quarter. Manning & Napier Group LLC purchased a new stake in shares of Hollysys Automation Technologies during the second quarter valued at approximately $2,186,000. SG Americas Securities LLC purchased a new stake in shares of Hollysys Automation Technologies during the second quarter valued at approximately $220,000. First Trust Advisors LP grew its holdings in shares of Hollysys Automation Technologies by 56.3% during the second quarter. First Trust Advisors LP now owns 28,997 shares of the industrial products company’s stock valued at $551,000 after buying an additional 10,441 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Hollysys Automation Technologies by 167.0% during the second quarter. CWM LLC now owns 1,335 shares of the industrial products company’s stock valued at $25,000 after buying an additional 835 shares during the last quarter. 75.23% of the stock is owned by institutional investors and hedge funds.

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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