JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from an overweight rating to a neutral rating in a report released on Friday, Marketbeat reports. They currently have $25.00 price target on the industrial products company’s stock, down from their previous price target of $27.00.

Other analysts have also issued research reports about the company. ValuEngine raised Hollysys Automation Technologies from a hold rating to a buy rating in a report on Friday, February 2nd. Zacks Investment Research raised Hollysys Automation Technologies from a hold rating to a buy rating and set a $29.00 price target for the company in a report on Thursday, November 16th. Finally, BidaskClub raised Hollysys Automation Technologies from a sell rating to a hold rating in a report on Friday, January 5th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $22.00.

Shares of Hollysys Automation Technologies (NASDAQ:HOLI) opened at $24.93 on Friday. The company has a quick ratio of 2.76, a current ratio of 2.90 and a debt-to-equity ratio of 0.03. 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 market capitalization of $1,500.00, a price-to-earnings ratio of 16.08 and a beta of 1.61.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Thursday, February 8th. The industrial products company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.21. Hollysys Automation Technologies had a return on equity of 12.72% and a net margin of 18.89%. The company had revenue of $157.40 million during the quarter. During the same period in the previous year, the firm earned $0.18 EPS. The business’s revenue was up 58.8% on a year-over-year basis. analysts forecast that Hollysys Automation Technologies will post 1.82 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Davis Selected Advisers lifted its position in shares of Hollysys Automation Technologies by 22.5% in the third quarter. Davis Selected Advisers now owns 4,155,115 shares of the industrial products company’s stock valued at $89,792,000 after acquiring an additional 763,181 shares in the last quarter. Hermes Investment Management Ltd. lifted its position in shares of Hollysys Automation Technologies by 2.3% in the third quarter. Hermes Investment Management Ltd. now owns 2,179,577 shares of the industrial products company’s stock valued at $47,101,000 after acquiring an additional 49,456 shares in the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Hollysys Automation Technologies by 7.5% in the third quarter. Jupiter Asset Management Ltd. now owns 1,545,510 shares of the industrial products company’s stock valued at $33,398,000 after acquiring an additional 107,372 shares in the last quarter. Vident Investment Advisory LLC lifted its position in shares of Hollysys Automation Technologies by 43.4% in the third quarter. Vident Investment Advisory LLC now owns 1,158,939 shares of the industrial products company’s stock valued at $25,045,000 after acquiring an additional 350,648 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Hollysys Automation Technologies by 65.4% in the third quarter. Bank of New York Mellon Corp now owns 923,188 shares of the industrial products company’s stock valued at $19,950,000 after acquiring an additional 364,971 shares in the last quarter. Institutional investors and hedge funds own 68.76% 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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