Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI)’s share price reached a new 52-week high on Tuesday . The company traded as high as $23.23 and last traded at $23.23, with a volume of 373773 shares traded. The stock had previously closed at $22.78.

A number of research firms have recently weighed in on HOLI. Zacks Investment Research raised Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 17th. BidaskClub raised Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. J P Morgan Chase & Co raised Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price objective for the company in a research note on Tuesday, August 15th. TheStreet raised Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research note on Thursday, August 10th. Finally, Instinet reaffirmed a “reduce” rating and issued a $12.31 price objective on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $19.65.

The firm has a market capitalization of $1,380.00, a P/E ratio of 19.92 and a beta of 1.54. The company has a quick ratio of 2.71, a current ratio of 2.86 and a debt-to-equity ratio of 0.03.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Monday, August 14th. The industrial products company reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.15). The firm had revenue of $137.96 million during the quarter, compared to analysts’ expectations of $152.80 million. Hollysys Automation Technologies had a return on equity of 9.87% and a net margin of 15.96%. The company’s quarterly revenue was down 6.6% compared to the same quarter last year. sell-side analysts anticipate that Hollysys Automation Technologies, Ltd. will post 1.82 EPS for the current year.

The company also recently announced an annual dividend, which was paid on Monday, November 6th. Investors of record on Monday, October 16th were given a $0.12 dividend. The ex-dividend date was Friday, October 13th. This represents a dividend yield of 0.56%. Hollysys Automation Technologies’s dividend payout ratio is currently 10.62%.

Several large investors have recently bought and sold shares of HOLI. Edinburgh Partners Ltd lifted its position in shares of Hollysys Automation Technologies by 22.0% in the second 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 in the last quarter. BB&T Securities LLC purchased a new stake in shares of Hollysys Automation Technologies in the second quarter worth about $308,000. HighTower Advisors LLC lifted its position in shares of Hollysys Automation Technologies by 56.6% in the first 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 in the last quarter. Eqis Capital Management Inc. lifted its position in shares of Hollysys Automation Technologies by 44.4% in the second 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 in the last quarter. Finally, KBC Group NV lifted its position in shares of Hollysys Automation Technologies by 33.8% in the second 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 in the last quarter. Institutional investors own 67.58% 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.

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