Hollysys Automation Technologies (HOLI) Downgraded by ValuEngine

Hollysys Automation Technologies (NASDAQ:HOLI) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Wednesday, April 10th, ValuEngine reports.

HOLI has been the topic of a number of other reports. TheStreet lowered Hollysys Automation Technologies from a “b-” rating to a “c+” rating in a research report on Wednesday, December 26th. BidaskClub raised Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research note on Tuesday, January 22nd. Finally, JPMorgan Chase & Co. downgraded Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $26.00 to $23.00 in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Hollysys Automation Technologies has an average rating of “Hold” and an average target price of $26.50.

NASDAQ:HOLI traded up $0.16 during midday trading on Wednesday, reaching $20.38. 140,147 shares of the company traded hands, compared to its average volume of 302,770. Hollysys Automation Technologies has a twelve month low of $16.00 and a twelve month high of $27.85. The firm has a market capitalization of $1.23 billion, a P/E ratio of 11.45 and a beta of 1.37.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings results on Friday, February 15th. The industrial products company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.10. Hollysys Automation Technologies had a return on equity of 14.25% and a net margin of 21.87%. The business had revenue of $149.46 million for the quarter. As a group, sell-side analysts forecast that Hollysys Automation Technologies will post 2.08 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its position in shares of Hollysys Automation Technologies by 10.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,551,873 shares of the industrial products company’s stock valued at $27,173,000 after buying an additional 147,089 shares in the last quarter. Impax Asset Management Group plc raised its position in Hollysys Automation Technologies by 7.8% during the fourth quarter. Impax Asset Management Group plc now owns 2,550,712 shares of the industrial products company’s stock valued at $44,663,000 after purchasing an additional 184,472 shares in the last quarter. Pendal Group Ltd raised its position in Hollysys Automation Technologies by 13.4% during the fourth quarter. Pendal Group Ltd now owns 105,280 shares of the industrial products company’s stock valued at $1,843,000 after purchasing an additional 12,469 shares in the last quarter. First Trust Advisors LP acquired a new position in Hollysys Automation Technologies during the third quarter valued at approximately $321,000. Finally, Man Group plc raised its position in Hollysys Automation Technologies by 6.6% during the third quarter. Man Group plc now owns 183,028 shares of the industrial products company’s stock valued at $3,911,000 after purchasing an additional 11,343 shares in the last quarter. Institutional investors own 73.83% 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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