ValuEngine cut shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a sell rating to a strong sell rating in a research note published on Wednesday morning, ValuEngine reports.

Other analysts also recently issued reports about the company. JPMorgan Chase & Co. raised DISCO CORP/ADR from an underweight rating to a neutral rating in a research report on Wednesday, April 17th. Zacks Investment Research downgraded CGI from a buy rating to a hold rating in a research report on Wednesday, June 19th. Finally, BidaskClub downgraded Westport Fuel Systems from a buy rating to a hold rating in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Hollysys Automation Technologies currently has an average rating of Hold and a consensus price target of $23.50.

Shares of NASDAQ:HOLI opened at $17.93 on Wednesday. The business’s 50-day simple moving average is $18.53. The firm has a market cap of $1.08 billion, a P/E ratio of 10.07 and a beta of 1.39. Hollysys Automation Technologies has a 12-month low of $16.00 and a 12-month high of $24.10.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Monday, May 13th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.07. The firm had revenue of $125.20 million during the quarter, compared to the consensus estimate of $142.40 million. Hollysys Automation Technologies had a return on equity of 14.59% and a net margin of 22.78%. The company’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.36 EPS. Equities analysts predict that Hollysys Automation Technologies will post 2.08 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of HOLI. Bank of New York Mellon Corp grew its position in Hollysys Automation Technologies by 10.5% in the 4th quarter. Bank of New York Mellon Corp now owns 1,551,873 shares of the industrial products company’s stock valued at $27,173,000 after acquiring an additional 147,089 shares in the last quarter. Norges Bank acquired a new position in Hollysys Automation Technologies in the 4th quarter valued at about $16,753,000. Todd Asset Management LLC grew its position in Hollysys Automation Technologies by 3.0% in the 1st quarter. Todd Asset Management LLC now owns 593,248 shares of the industrial products company’s stock valued at $12,422,000 after acquiring an additional 17,541 shares in the last quarter. BlackRock Inc. grew its position in Hollysys Automation Technologies by 20.8% in the 4th quarter. BlackRock Inc. now owns 367,585 shares of the industrial products company’s stock valued at $6,436,000 after acquiring an additional 63,331 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. grew its position in Hollysys Automation Technologies by 46.4% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 233,908 shares of the industrial products company’s stock valued at $4,096,000 after acquiring an additional 74,101 shares in the last quarter. 73.30% of the stock is owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

Recommended Story: Dead Cat Bounce

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Hollysys Automation Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies and related companies with MarketBeat.com's FREE daily email newsletter.