Hollysys Automation Technologies (NASDAQ:HOLI) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a sell rating to a hold rating in a research note published on Wednesday, Zacks.com reports.

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. “

HOLI has been the topic of a number of other reports. Goldman Sachs Group upgraded shares of Hollysys Automation Technologies from a neutral rating to a buy rating and set a $18.70 target price on the stock in a report on Monday, November 4th. ValuEngine upgraded shares of Hollysys Automation Technologies from a sell rating to a hold rating in a research note on Friday, January 3rd. Finally, BidaskClub raised shares of Hollysys Automation Technologies from a sell rating to a hold rating in a research report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $20.23.

HOLI stock traded up $0.03 during midday trading on Wednesday, hitting $17.22. 9,479 shares of the company’s stock were exchanged, compared to its average volume of 197,393. Hollysys Automation Technologies has a one year low of $13.59 and a one year high of $24.10. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.25 and a current ratio of 3.39. The company has a market cap of $1.04 billion, a PE ratio of 7.61 and a beta of 1.41. The stock’s fifty day moving average price is $16.12 and its 200-day moving average price is $16.03.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings results on Wednesday, November 13th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The firm had revenue of $123.23 million for the quarter. Hollysys Automation Technologies had a net margin of 22.90% and a return on equity of 15.00%. On average, analysts expect that Hollysys Automation Technologies will post 2.37 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its stake in shares of Hollysys Automation Technologies by 4,860.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 1,637 shares of the industrial products company’s stock worth $25,000 after acquiring an additional 1,604 shares during the period. Royal Bank of Canada boosted its position in Hollysys Automation Technologies by 131.3% during the second 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. US Bancorp DE boosted its position in Hollysys Automation Technologies by 54.6% during the second 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. Point72 Asset Management L.P. acquired a new position in shares of Hollysys Automation Technologies in the third quarter valued at $101,000. Finally, Jane Street Group LLC acquired a new position in shares of Hollysys Automation Technologies in the second quarter valued at $196,000. Hedge funds and other institutional investors own 74.76% of the company’s stock.

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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