Hollysys Automation Technologies (HOLI) Rating Increased to Buy at BidaskClub

Hollysys Automation Technologies (NASDAQ:HOLI) was upgraded by BidaskClub from a “hold” rating to a “buy” rating in a report released on Thursday.

HOLI has been the subject of several other reports. Zacks Investment Research downgraded Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Thursday, February 15th. ValuEngine raised Hollysys Automation Technologies from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. downgraded Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $27.00 to $25.00 in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.58.

Shares of Hollysys Automation Technologies (NASDAQ:HOLI) opened at $26.02 on Thursday. The company has a current ratio of 2.90, a quick ratio of 2.76 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1,570.00, a PE ratio of 16.79 and a beta of 1.61. Hollysys Automation Technologies has a 52-week low of $15.08 and a 52-week high of $27.19.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.21. The firm had revenue of $157.40 million during the quarter. Hollysys Automation Technologies had a return on equity of 12.72% and a net margin of 18.89%. The firm’s revenue for the quarter was up 58.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.18 earnings per share. analysts predict that Hollysys Automation Technologies will post 1.83 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Point72 Asset Management L.P. acquired a new position in Hollysys Automation Technologies in the 3rd quarter valued at about $996,000. First Trust Advisors LP grew its position in Hollysys Automation Technologies by 20.1% in the 3rd quarter. First Trust Advisors LP now owns 139,666 shares of the industrial products company’s stock valued at $3,018,000 after acquiring an additional 23,400 shares in the last quarter. Wells Fargo & Company MN grew its position in Hollysys Automation Technologies by 405,692.7% in the 3rd quarter. Wells Fargo & Company MN now owns 779,122 shares of the industrial products company’s stock valued at $16,837,000 after acquiring an additional 778,930 shares in the last quarter. Vident Investment Advisory LLC grew its position in Hollysys Automation Technologies by 43.4% in the 3rd quarter. Vident Investment Advisory LLC now owns 1,158,939 shares of the industrial products company’s stock valued at $25,045,000 after acquiring an additional 350,648 shares in the last quarter. Finally, FMR LLC grew its position in Hollysys Automation Technologies by 23.7% in the 2nd quarter. FMR LLC now owns 70,851 shares of the industrial products company’s stock valued at $1,177,000 after acquiring an additional 13,560 shares in the last quarter. 67.43% of the stock is owned by institutional investors.

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About Hollysys Automation Technologies

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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