Shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) have been given a consensus recommendation of “Hold” by the six brokerages that are currently covering the firm. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $20.67.

Separately, Zacks Investment Research cut shares of Hollysys Automation Technologies from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 17th.

Shares of Hollysys Automation Technologies (NASDAQ:HOLI) traded up 1.00% on Wednesday, reaching $19.19. 95,300 shares of the company’s stock traded hands. Hollysys Automation Technologies has a 52 week low of $15.00 and a 52 week high of $23.55. The firm has a market capitalization of $1.15 billion, a P/E ratio of 10.52 and a beta of 1.59. The firm’s 50 day moving average is $20.35 and its 200 day moving average is $19.55.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Monday, November 14th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.47 by $0.10. The firm had revenue of $103.50 million for the quarter, compared to analyst estimates of $141.76 million. Hollysys Automation Technologies had a net margin of 21.02% and a return on equity of 17.04%. Hollysys Automation Technologies’s revenue for the quarter was down 17.3% on a year-over-year basis. Analysts expect that Hollysys Automation Technologies will post $2.13 earnings per share for the current fiscal year.

The business also recently disclosed an annual dividend, which was paid on Friday, November 11th. Investors of record on Wednesday, October 26th were issued a $0.20 dividend. The ex-dividend date was Monday, October 24th. Hollysys Automation Technologies’s dividend payout ratio (DPR) is currently 10.99%.

A number of hedge funds have recently modified their holdings of HOLI. HBK Investments L P bought a new stake in shares of Hollysys Automation Technologies during the first quarter valued at about $227,000. Handelsbanken Fonder AB raised its stake in shares of Hollysys Automation Technologies by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 1,492,112 shares of the company’s stock valued at $25,918,000 after buying an additional 19,500 shares during the period. 1st Global Advisors Inc. raised its stake in shares of Hollysys Automation Technologies by 3.0% in the second quarter. 1st Global Advisors Inc. now owns 13,190 shares of the company’s stock valued at $229,000 after buying an additional 386 shares during the period. British Airways Pensions Investment Management Ltd raised its stake in shares of Hollysys Automation Technologies by 63.0% in the second quarter. British Airways Pensions Investment Management Ltd now owns 346,381 shares of the company’s stock valued at $6,040,000 after buying an additional 133,870 shares during the period. Finally, I.G. Investment Management LTD. raised its stake in shares of Hollysys Automation Technologies by 170.6% in the second quarter. I.G. Investment Management LTD. now owns 284,527 shares of the company’s stock valued at $4,942,000 after buying an additional 179,382 shares during the period. Hedge funds and other institutional investors own 51.09% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This news story was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this news story on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this news story can be viewed at https://www.thecerbatgem.com/2016/11/23/hollysys-automation-technologies-ltd-holi-receives-average-recommendation-of-hold-from-analysts.html.

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.

5 Day Chart for NASDAQ:HOLI

Receive News & Stock Ratings for Hollysys Automation Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies Ltd. and related stocks with our FREE daily email newsletter.