Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday, May 16th.

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. “

Several other research firms have also recently issued reports on HOLI. Citigroup Inc. cut shares of Hollysys Automation Technologies from a “buy” rating to a “neutral” rating and set a $18.70 target price on the stock. in a research report on Wednesday, February 15th. Deutsche Bank AG raised shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, February 15th. Finally, TheStreet cut shares of Hollysys Automation Technologies from a “b-” rating to a “c+” rating in a research report on Tuesday, February 21st. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $21.83.

Hollysys Automation Technologies (HOLI) traded up 3.41% during mid-day trading on Tuesday, reaching $17.28. 487,333 shares of the company were exchanged. The company has a 50 day moving average of $16.37 and a 200-day moving average of $17.27. Hollysys Automation Technologies has a 1-year low of $15.08 and a 1-year high of $23.55. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 12.95 and a beta of 1.43.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Thursday, May 11th. The industrial products company reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Hollysys Automation Technologies had a return on equity of 11.65% and a net margin of 18.27%. The firm had revenue of $91.30 million for the quarter, compared to analyst estimates of $99.35 million. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. On average, equities research analysts forecast that Hollysys Automation Technologies will post $1.41 EPS for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Pacad Investment Ltd. raised its position in Hollysys Automation Technologies by 269.0% in the fourth quarter. Pacad Investment Ltd. now owns 5,900 shares of the industrial products company’s stock valued at $108,000 after buying an additional 4,301 shares during the last quarter. Citadel Advisors LLC acquired a new position in Hollysys Automation Technologies during the first quarter valued at approximately $179,000. Financial Counselors Inc. raised its position 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 valued at $186,000 after buying an additional 368 shares during the last quarter. Ellington Management Group LLC raised its position in Hollysys Automation Technologies by 11.8% in the fourth quarter. Ellington Management Group LLC now owns 11,400 shares of the industrial products company’s stock valued at $209,000 after buying an additional 1,200 shares during the last quarter. Finally, HPM Partners LLC acquired a new position in Hollysys Automation Technologies during the first quarter valued at approximately $230,000. Hedge funds and other institutional investors own 68.72% 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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