Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) was downgraded by investment analysts at Citigroup Inc. from a “buy” rating to a “neutral” rating in a report released on Wednesday. They presently have a $18.70 price objective on the stock. Citigroup Inc.’s target price suggests a potential upside of 5.41% from the stock’s current price.
Separately, Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Wednesday, November 16th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Hollysys Automation Technologies presently has an average rating of “Hold” and an average target price of $20.26.
Hollysys Automation Technologies (NASDAQ:HOLI) opened at 17.74 on Wednesday. The stock’s 50 day moving average is $17.84 and its 200 day moving average is $19.80. Hollysys Automation Technologies has a one year low of $15.69 and a one year high of $23.55. The company has a market capitalization of $1.06 billion, a PE ratio of 9.72 and a beta of 1.46.
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Several hedge funds have recently bought and sold shares of HOLI. Thomas White International Ltd. raised its stake in Hollysys Automation Technologies by 0.5% in the third quarter. Thomas White International Ltd. now owns 173,422 shares of the company’s stock valued at $3,845,000 after buying an additional 859 shares during the period. Ellington Management Group LLC raised its stake in Hollysys Automation Technologies by 11.8% in the fourth quarter. Ellington Management Group LLC now owns 11,400 shares of the company’s stock valued at $209,000 after buying an additional 1,200 shares during the period. Envestnet Asset Management Inc. raised its stake in Hollysys Automation Technologies by 26.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 14,729 shares of the company’s stock valued at $271,000 after buying an additional 3,100 shares during the period. GSA Capital Partners LLP raised its stake in Hollysys Automation Technologies by 24.6% in the fourth quarter. GSA Capital Partners LLP now owns 17,918 shares of the company’s stock valued at $328,000 after buying an additional 3,543 shares during the period. Finally, Pacad Investment Ltd. raised its stake in Hollysys Automation Technologies by 269.0% in the fourth quarter. Pacad Investment Ltd. now owns 5,900 shares of the company’s stock valued at $108,000 after buying an additional 4,301 shares during the period. 53.69% of the stock is currently owned by institutional investors.
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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