Hollysys Automation Technologies (NASDAQ:HOLI) Stock Rating Lowered by Zacks Investment Research

Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Thursday, 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. “

Several other research analysts also recently commented on the company. BidaskClub downgraded Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, October 4th. TheStreet downgraded Hollysys Automation Technologies from a “b-” rating to a “c” rating in a research note on Monday, August 5th. Finally, ValuEngine upgraded Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $21.00.

Shares of NASDAQ HOLI opened at $14.53 on Thursday. Hollysys Automation Technologies has a 52 week low of $13.59 and a 52 week high of $24.10. The business has a 50-day simple moving average of $15.19 and a two-hundred day simple moving average of $17.71. The company has a quick ratio of 3.12, a current ratio of 3.25 and a debt-to-equity ratio of 0.01. The company has a market cap of $873.45 million, a P/E ratio of 6.43 and a beta of 1.41.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Wednesday, August 14th. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.14). Hollysys Automation Technologies had a return on equity of 15.13% and a net margin of 21.96%. The company had revenue of $156.99 million during the quarter, compared to the consensus estimate of $162.75 million. During the same quarter in the prior year, the business earned $0.46 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Equities research analysts anticipate that Hollysys Automation Technologies will post 2.4 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of HOLI. Marshall Wace North America L.P. boosted its position in shares of Hollysys Automation Technologies by 458.4% during the 1st quarter. Marshall Wace North America L.P. now owns 35,762 shares of the industrial products company’s stock valued at $749,000 after acquiring an additional 29,358 shares during the last quarter. FMR LLC boosted its position in shares of Hollysys Automation Technologies by 54.1% during the 1st quarter. FMR LLC now owns 89,436 shares of the industrial products company’s stock valued at $1,873,000 after acquiring an additional 31,390 shares during the last quarter. Manning & Napier Group LLC bought a new stake in shares of Hollysys Automation Technologies during the 2nd quarter valued at about $2,186,000. SG Americas Securities LLC bought a new stake in shares of Hollysys Automation Technologies during the 2nd quarter valued at about $220,000. Finally, First Trust Advisors LP boosted its position in shares of Hollysys Automation Technologies by 56.3% during the 2nd quarter. First Trust Advisors LP now owns 28,997 shares of the industrial products company’s stock valued at $551,000 after acquiring an additional 10,441 shares during the last quarter. Hedge funds and other institutional investors own 75.29% of the company’s stock.

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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