Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has earned an average recommendation of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $18.70.
HOLI has been the topic of a number of analyst reports. TheStreet lowered Hollysys Automation Technologies from a “b-” rating to a “c+” rating in a research note on Tuesday, February 21st. ValuEngine lowered Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. BidaskClub upgraded Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Zacks Investment Research lowered Hollysys Automation Technologies from a “hold” rating to a “strong sell” rating in a research note on Tuesday, May 16th.
Hollysys Automation Technologies (NASDAQ HOLI) traded up 3.41% during mid-day trading on Monday, hitting $17.28. The stock had a trading volume of 487,333 shares. The stock has a market capitalization of $1.04 billion, a P/E ratio of 12.95 and a beta of 1.43. Hollysys Automation Technologies has a 52 week low of $15.08 and a 52 week high of $23.55. The company’s 50 day moving average is $16.37 and its 200-day moving average is $17.27.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Thursday, May 11th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.06. Hollysys Automation Technologies had a net margin of 17.11% and a return on equity of 9.23%. The company had revenue of $91.30 million for the quarter, compared to the consensus estimate of $99.35 million. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, analysts expect that Hollysys Automation Technologies will post $1.41 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. boosted its position in Hollysys Automation Technologies by 307.7% in the first quarter. Goldman Sachs Group Inc. now owns 68,851 shares of the industrial products company’s stock valued at $1,166,000 after buying an additional 51,962 shares during the last quarter. HighTower Advisors LLC boosted its position in Hollysys Automation Technologies by 56.6% in the first quarter. HighTower Advisors LLC now owns 20,296 shares of the industrial products company’s stock valued at $352,000 after buying an additional 7,336 shares during the last quarter. Credit Suisse AG boosted its position in Hollysys Automation Technologies by 170.8% in the first quarter. Credit Suisse AG now owns 550,539 shares of the industrial products company’s stock valued at $9,321,000 after buying an additional 347,265 shares during the last quarter. Barings LLC acquired a new position in Hollysys Automation Technologies during the first quarter valued at approximately $906,000. Finally, United Capital Financial Advisers LLC boosted its position in Hollysys Automation Technologies by 51.5% in the first quarter. United Capital Financial Advisers LLC now owns 21,227 shares of the industrial products company’s stock valued at $359,000 after buying an additional 7,220 shares during the last quarter. Institutional investors and hedge funds own 68.72% of the company’s stock.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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