ValuEngine upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a hold rating to a buy rating in a report published on Friday.

Other analysts have also issued reports about the stock. Zacks Investment Research raised shares of Hollysys Automation Technologies from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Thursday, November 16th. BidaskClub raised shares of Hollysys Automation Technologies from a sell rating to a hold rating in a research report on Friday, January 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $21.52.

Hollysys Automation Technologies (NASDAQ:HOLI) traded down $1.42 during midday trading on Friday, hitting $24.48. 383,965 shares of the stock were exchanged, compared to its average volume of 232,575. The company has a quick ratio of 2.67, a current ratio of 2.82 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $1,562.86, a price-to-earnings ratio of 23.13 and a beta of 1.61. Hollysys Automation Technologies has a 1-year low of $15.08 and a 1-year high of $27.19.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Monday, November 13th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.04. The business had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. Hollysys Automation Technologies’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same period last year, the company earned $0.37 earnings per share. equities research analysts predict that Hollysys Automation Technologies will post 1.82 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the stock. US Bancorp DE increased its holdings in Hollysys Automation Technologies by 35.0% in the fourth quarter. US Bancorp DE now owns 32,988 shares of the industrial products company’s stock worth $734,000 after buying an additional 8,561 shares during the last quarter. Eqis Capital Management Inc. increased its holdings in Hollysys Automation Technologies by 15.5% in the fourth quarter. Eqis Capital Management Inc. now owns 27,777 shares of the industrial products company’s stock worth $619,000 after buying an additional 3,733 shares during the last quarter. SG Americas Securities LLC acquired a new position in Hollysys Automation Technologies in the fourth quarter worth approximately $162,000. Fox Run Management L.L.C. acquired a new position in Hollysys Automation Technologies in the fourth quarter worth approximately $630,000. Finally, Davis Selected Advisers increased its holdings in Hollysys Automation Technologies by 22.5% in the third quarter. Davis Selected Advisers now owns 4,155,115 shares of the industrial products company’s stock worth $89,792,000 after buying an additional 763,181 shares during the last quarter. Hedge funds and other institutional investors own 70.77% of the company’s stock.

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About Hollysys Automation Technologies

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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