Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has been assigned a consensus rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $25.00.
Several equities research analysts have recently weighed in on HOLI shares. JPMorgan Chase & Co. cut shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 price target for the company. in a research report on Wednesday, August 15th. BidaskClub raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. ValuEngine cut shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Tuesday, August 14th. Finally, Citigroup raised shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating in a research report on Tuesday, May 15th.
A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp lifted its position in Hollysys Automation Technologies by 17.9% during the second quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock valued at $27,058,000 after acquiring an additional 185,807 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Hollysys Automation Technologies during the second quarter valued at approximately $477,000. Putnam Investments LLC purchased a new stake in Hollysys Automation Technologies during the second quarter valued at approximately $1,935,000. Millennium Management LLC increased its stake in Hollysys Automation Technologies by 12.3% during the 2nd quarter. Millennium Management LLC now owns 249,503 shares of the industrial products company’s stock valued at $5,524,000 after purchasing an additional 27,266 shares in the last quarter. Finally, Marshall Wace LLP acquired a new position in Hollysys Automation Technologies during the 2nd quarter valued at approximately $244,000. 70.50% of the stock is owned by institutional investors.
Hollysys Automation Technologies stock traded down $0.29 during trading hours on Wednesday, hitting $19.86. The company had a trading volume of 260,325 shares, compared to its average volume of 413,356. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 11.16 and a beta of 1.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 3.01 and a quick ratio of 2.83. Hollysys Automation Technologies has a 1 year low of $16.00 and a 1 year high of $28.35.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Tuesday, August 14th. The industrial products company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). Hollysys Automation Technologies had a return on equity of 13.36% and a net margin of 19.82%. The business had revenue of $147.24 million during the quarter, compared to analysts’ expectations of $141.59 million. During the same period in the previous year, the company posted $0.37 EPS. Hollysys Automation Technologies’s revenue for the quarter was up 6.7% on a year-over-year basis. research analysts expect that Hollysys Automation Technologies will post 2.12 earnings per share for the current year.
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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