J P Morgan Chase & Co upgraded shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) from a neutral rating to an overweight rating in a report released on Tuesday, MarketBeat reports. J P Morgan Chase & Co currently has $22.60 target price on the industrial products company’s stock.
A number of other equities research analysts also recently issued reports on HOLI. BidaskClub upgraded shares of Hollysys Automation Technologies from a sell rating to a hold rating in a report on Tuesday, August 1st. TheStreet upgraded shares of Hollysys Automation Technologies from a c+ rating to a b rating in a report on Thursday, August 10th. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a strong sell rating to a hold rating in a report on Wednesday, July 12th. Finally, ValuEngine downgraded shares of Hollysys Automation Technologies from a buy rating to a hold rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $18.65.
Hollysys Automation Technologies (NASDAQ HOLI) traded down 0.77% during trading on Tuesday, hitting $19.37. 65,436 shares of the company were exchanged. Hollysys Automation Technologies has a 12 month low of $15.08 and a 12 month high of $23.55. The company has a 50-day moving average of $18.04 and a 200-day moving average of $17.06. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.99 and a beta of 1.53.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings data on Monday, August 14th. The industrial products company reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by $0.15. Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. The firm had revenue of $137.96 million during the quarter, compared to analyst estimates of $152.80 million. Hollysys Automation Technologies’s revenue was down 6.6% compared to the same quarter last year. Analysts forecast that Hollysys Automation Technologies will post $1.67 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC bought a new stake in Hollysys Automation Technologies during the first quarter worth about $179,000. Financial Counselors Inc. increased its stake in Hollysys Automation Technologies by 3.5% in the first quarter. Financial Counselors Inc. now owns 10,959 shares of the industrial products company’s stock worth $186,000 after buying an additional 368 shares during the last quarter. HPM Partners LLC bought a new stake in Hollysys Automation Technologies during the first quarter worth about $230,000. Edinburgh Partners Ltd increased its stake in Hollysys Automation Technologies by 21.0% in the first quarter. Edinburgh Partners Ltd now owns 15,000 shares of the industrial products company’s stock worth $254,000 after buying an additional 2,600 shares during the last quarter. Finally, Eqis Capital Management Inc. bought a new stake in Hollysys Automation Technologies during the first quarter worth about $255,000. Hedge funds and other institutional investors own 69.57% 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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