Hollysys Automation Technologies, Ltd. (HOLI) Hits New 12-Month High at $23.23
Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.23 and last traded at $23.23, with a volume of 373773 shares trading hands. The stock had previously closed at $22.78.
Several brokerages recently issued reports on HOLI. Instinet reissued a “reduce” rating and set a $12.31 price objective on shares of Hollysys Automation Technologies in a report on Tuesday, August 15th. BidaskClub raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co raised shares of Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective on the stock in a report on Tuesday, August 15th. TheStreet raised shares of Hollysys Automation Technologies from a “c+” rating to a “b” rating in a report on Thursday, August 10th. Finally, Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $19.65.
The company has a debt-to-equity ratio of 0.03, a current ratio of 2.86 and a quick ratio of 2.71. The firm has a market cap of $1,401.75, a P/E ratio of 20.56 and a beta of 1.54.
Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Monday, August 14th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.15). Hollysys Automation Technologies had a return on equity of 9.87% and a net margin of 15.96%. The company had revenue of $137.96 million during the quarter, compared to analyst estimates of $152.80 million. The business’s quarterly revenue was down 6.6% on a year-over-year basis. analysts anticipate that Hollysys Automation Technologies, Ltd. will post 1.82 earnings per share for the current fiscal year.
The firm also recently announced an annual dividend, which was paid on Monday, November 6th. Investors of record on Monday, October 16th were paid a dividend of $0.12 per share. This represents a yield of 0.56%. The ex-dividend date of this dividend was Friday, October 13th. Hollysys Automation Technologies’s payout ratio is currently 10.43%.
A number of institutional investors and hedge funds have recently made changes to their positions in HOLI. Edinburgh Partners Ltd increased its stake in Hollysys Automation Technologies by 22.0% during the 2nd quarter. Edinburgh Partners Ltd now owns 18,300 shares of the industrial products company’s stock worth $304,000 after buying an additional 3,300 shares during the period. BB&T Securities LLC purchased a new stake in Hollysys Automation Technologies during the 2nd quarter worth approximately $308,000. HighTower Advisors LLC increased its stake in Hollysys Automation Technologies by 56.6% during the 1st quarter. HighTower Advisors LLC now owns 20,296 shares of the industrial products company’s stock worth $352,000 after buying an additional 7,336 shares during the period. Eqis Capital Management Inc. increased its stake in Hollysys Automation Technologies by 44.4% during the 2nd quarter. Eqis Capital Management Inc. now owns 21,778 shares of the industrial products company’s stock worth $362,000 after buying an additional 6,701 shares during the period. Finally, KBC Group NV increased its stake in Hollysys Automation Technologies by 33.8% during the 2nd quarter. KBC Group NV now owns 21,773 shares of the industrial products company’s stock worth $362,000 after buying an additional 5,504 shares during the period. 67.58% of the stock is currently owned by hedge funds and other institutional investors.
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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