Hollysys Automation Technologies (NASDAQ:HOLI) Trading 6.3% Higher

Hollysys Automation Technologies Ltd (NASDAQ:HOLI)’s share price traded up 6.3% on Friday . The company traded as high as $16.51 and last traded at $16.25, 347,900 shares were traded during trading. An increase of 35% from the average session volume of 257,906 shares. The stock had previously closed at $15.29.

A number of research firms recently issued reports on HOLI. TheStreet downgraded shares of Hollysys Automation Technologies from a “b-” rating to a “c” rating in a research note on Monday, August 5th. ValuEngine downgraded shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th. BidaskClub downgraded shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $23.50.

The company has a market capitalization of $927.73 million, a P/E ratio of 9.13 and a beta of 1.36. The stock’s 50 day moving average is $17.57 and its 200-day moving average is $19.43.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Wednesday, August 14th. The industrial products company reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.14). Hollysys Automation Technologies had a return on equity of 14.59% and a net margin of 22.78%. The company had revenue of $156.99 million during the quarter, compared to the consensus estimate of $162.75 million. During the same period in the previous year, the company earned $0.46 earnings per share. Hollysys Automation Technologies’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts anticipate that Hollysys Automation Technologies Ltd will post 2.09 EPS for the current fiscal year.

A number of hedge funds have recently added to or reduced their stakes in HOLI. BlackRock Inc. boosted its position in shares of Hollysys Automation Technologies by 20.8% during the fourth quarter. BlackRock Inc. now owns 367,585 shares of the industrial products company’s stock worth $6,436,000 after buying an additional 63,331 shares during the period. Geode Capital Management LLC boosted its position in shares of Hollysys Automation Technologies by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 49,945 shares of the industrial products company’s stock worth $874,000 after buying an additional 915 shares during the period. Norges Bank acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter worth about $16,753,000. Deutsche Bank AG boosted its position in shares of Hollysys Automation Technologies by 44.0% during the fourth quarter. Deutsche Bank AG now owns 61,778 shares of the industrial products company’s stock worth $1,081,000 after buying an additional 18,883 shares during the period. Finally, Probity Advisors Inc. boosted its position 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 worth $637,000 after buying an additional 6,667 shares during the period. 73.81% of the stock is owned by institutional investors.

About Hollysys Automation Technologies (NASDAQ:HOLI)

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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