Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) shares hit a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $26.87 and last traded at $23.47, with a volume of 451800 shares. The stock had previously closed at $23.26.

The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.04. The firm had revenue of $115.50 million for the quarter. Hollysys Automation Technologies had a return on equity of 9.85% and a net margin of 15.46%. Hollysys Automation Technologies’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share.

The company also recently declared an annual dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 16th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a dividend yield of 0.56%. Hollysys Automation Technologies’s payout ratio is 10.53%.

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

Several large investors have recently bought and sold shares of HOLI. Ameriprise Financial Inc. increased its stake in shares of Hollysys Automation Technologies by 5.0% in the 1st quarter. Ameriprise Financial Inc. now owns 35,029 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 1,657 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Hollysys Automation Technologies by 4.2% in the 1st quarter. Parametric Portfolio Associates LLC now owns 34,169 shares of the industrial products company’s stock worth $578,000 after purchasing an additional 1,362 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Hollysys Automation Technologies by 184.8% in the 1st quarter. Renaissance Technologies LLC now owns 160,053 shares of the industrial products company’s stock worth $2,710,000 after purchasing an additional 103,848 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Hollysys Automation Technologies by 307.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 68,851 shares of the industrial products company’s stock worth $1,166,000 after purchasing an additional 51,962 shares in the last quarter. Finally, Bank of Montreal Can purchased a new stake in shares of Hollysys Automation Technologies in the 2nd quarter worth $1,329,000. Hedge funds and other institutional investors own 67.74% of the company’s stock.

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 $1,416.23, a P/E ratio of 20.95 and a beta of 1.54.

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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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