Hollysys Automation Technologies Ltd (NASDAQ:HOLI) saw a large drop in short interest in November. As of November 30th, there was short interest totalling 573,651 shares, a drop of 52.7% from the November 15th total of 1,213,913 shares. Based on an average daily volume of 263,302 shares, the short-interest ratio is currently 2.2 days. Approximately 1.0% of the company’s stock are short sold.
Shares of Hollysys Automation Technologies (NASDAQ HOLI) opened at $23.25 on Tuesday. Hollysys Automation Technologies has a one year low of $15.08 and a one year high of $27.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.67 and a current ratio of 2.82. The firm has a market capitalization of $1,400.00, a PE ratio of 19.93 and a beta of 1.57.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Monday, November 13th. The industrial products company reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. Hollysys Automation Technologies had a return on equity of 9.65% and a net margin of 15.46%. The company had revenue of $115.50 million during the quarter. During the same period last year, the business earned $0.37 earnings per share. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. equities research analysts anticipate that Hollysys Automation Technologies will post 1.82 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the company. BidaskClub downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. Deutsche Bank reaffirmed a “buy” rating and set a $25.00 price target (up from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Friday, November 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $21.52.
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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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