Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has earned a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $22.35.
HOLI has been the subject of several research reports. BidaskClub downgraded shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, October 4th. ValuEngine upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Goldman Sachs Group raised shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating and set a $18.70 price objective on the stock in a research note on Monday, November 4th. Finally, Zacks Investment Research raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, November 27th.
Institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC increased its holdings in 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 purchasing an additional 31,390 shares during the period. Manning & Napier Group LLC purchased a new stake in Hollysys Automation Technologies in the 2nd quarter worth approximately $2,186,000. SG Americas Securities LLC acquired a new stake in shares of Hollysys Automation Technologies during the 2nd quarter valued at $220,000. First Trust Advisors LP boosted its stake 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 buying an additional 10,441 shares during the period. Finally, CWM LLC boosted its stake in shares of Hollysys Automation Technologies by 167.0% during the 2nd quarter. CWM LLC now owns 1,335 shares of the industrial products company’s stock valued at $25,000 after buying an additional 835 shares during the period. 74.77% of the stock is owned by hedge funds and other institutional investors.
Hollysys Automation Technologies stock traded up $0.14 during mid-day trading on Friday, reaching $14.50. The stock had a trading volume of 3,476 shares, compared to its average volume of 137,361. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.25 and a current ratio of 3.39. Hollysys Automation Technologies has a fifty-two week low of $13.59 and a fifty-two week high of $24.10. The stock’s 50-day simple moving average is $14.89 and its 200-day simple moving average is $16.47. The firm has a market capitalization of $874.93 million, a PE ratio of 6.41 and a beta of 1.38.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Wednesday, November 13th. The industrial products company reported $0.49 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Hollysys Automation Technologies had a return on equity of 15.00% and a net margin of 22.90%. The firm had revenue of $123.23 million during the quarter. On average, research analysts forecast that Hollysys Automation Technologies will post 2.37 earnings per share for the current fiscal year.
The business also recently declared an annual dividend, which was paid on Tuesday, November 12th. Shareholders of record on Tuesday, October 22nd were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, October 21st. This represents a yield of 1.38%. This is an increase from Hollysys Automation Technologies’s previous annual dividend of $0.18. Hollysys Automation Technologies’s payout ratio is 9.29%.
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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