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

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

Hollysys Automation Technologies (NASDAQ HOLI) opened at $24.07 on Friday. The company has a market capitalization of $1,477.18, a price-to-earnings ratio of 21.86 and a beta of 1.61. Hollysys Automation Technologies has a fifty-two week low of $15.08 and a fifty-two week high of $27.19. The company has a current ratio of 2.82, a quick ratio of 2.67 and a debt-to-equity ratio of 0.03.

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

Several large investors have recently made changes to their positions in HOLI. FMR LLC increased its holdings in shares of Hollysys Automation Technologies by 23.7% in the 2nd quarter. FMR LLC now owns 70,851 shares of the industrial products company’s stock valued at $1,177,000 after acquiring an additional 13,560 shares during the period. California Public Employees Retirement System increased its holdings in shares of Hollysys Automation Technologies by 5.2% in the 2nd quarter. California Public Employees Retirement System now owns 281,300 shares of the industrial products company’s stock valued at $4,672,000 after acquiring an additional 13,900 shares during the period. Macquarie Group Ltd. purchased a new position in shares of Hollysys Automation Technologies in the 2nd quarter valued at $2,693,000. State Street Corp increased its holdings in shares of Hollysys Automation Technologies by 17.2% in the 2nd quarter. State Street Corp now owns 41,750 shares of the industrial products company’s stock valued at $693,000 after acquiring an additional 6,142 shares during the period. Finally, Ecofin Ltd. increased its holdings in shares of Hollysys Automation Technologies by 2.0% in the 2nd quarter. Ecofin Ltd. now owns 871,945 shares of the industrial products company’s stock valued at $14,483,000 after acquiring an additional 17,493 shares during the period. Institutional investors and hedge funds own 70.00% of the company’s stock.

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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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