Hollysys Automation Technologies Ltd. (HOLI) Stock Rating Lowered by Zacks Investment Research
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “
Separately, Deutsche Bank AG started coverage on Hollysys Automation Technologies in a report on Monday, July 11th. They issued a “buy” rating and a $25.80 target price for the company. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $21.78.
Shares of Hollysys Automation Technologies (NASDAQ:HOLI) opened at 20.61 on Monday. Hollysys Automation Technologies has a 1-year low of $15.00 and a 1-year high of $23.55. The firm’s 50 day moving average price is $21.79 and its 200-day moving average price is $19.58. The company has a market capitalization of $1.23 billion, a P/E ratio of 10.49 and a beta of 2.06.
The business also recently disclosed an annual dividend, which will be paid on Friday, November 11th. Investors of record on Wednesday, October 26th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 24th.
Several large investors have recently modified their holdings of HOLI. BNP Paribas Arbitrage SA boosted its stake in shares of Hollysys Automation Technologies by 984.8% in the third quarter. BNP Paribas Arbitrage SA now owns 6,639 shares of the company’s stock worth $147,000 after buying an additional 6,027 shares during the period. Royal Bank of Canada boosted its stake in Hollysys Automation Technologies by 3.8% in the second quarter. Royal Bank of Canada now owns 251,843 shares of the company’s stock worth $4,375,000 after buying an additional 9,147 shares during the period. Toronto Dominion Bank acquired a new stake in Hollysys Automation Technologies during the second quarter worth approximately $1,131,000. Pictet Asset Management Ltd. boosted its stake in Hollysys Automation Technologies by 88.0% in the second quarter. Pictet Asset Management Ltd. now owns 1,134,022 shares of the company’s stock worth $19,267,000 after buying an additional 530,953 shares during the period. Finally, Ativo Capital Management LLC acquired a new stake in Hollysys Automation Technologies during the second quarter worth approximately $562,000. Hedge funds and other institutional investors own 51.78% of the company’s stock.
Hollysys Automation Technologies Company Profile
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