Notable Price Action: Can Hollysys Automation Technologies Ltd’s Tomorrow be Different? The Stock Declines Again

Notable Price Action: Can Hollysys Automation Technologies Ltd's Tomorrow be Different? The Stock Declines Again

The stock of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) is a huge mover today! The stock decreased 4.48% or $1.04 on September 30, hitting $22.17. About 344,199 shares traded hands or 36.17% up from the average. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has risen 17.86% since February 29, 2016 and is uptrending. It has outperformed by 7.44% the S&P500.
The move comes after 5 months negative chart setup for the $1.35 billion company. It was reported on Oct, 1 by Barchart.com. We have $20.17 PT which if reached, will make NASDAQ:HOLI worth $121.50 million less.

Analysts await Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to report earnings on November, 10. They expect $0.53 EPS, up 23.26% or $0.10 from last year’s $0.43 per share. HOLI’s profit will be $32.27 million for 10.46 P/E if the $0.53 EPS becomes a reality. After $0.56 actual EPS reported by Hollysys Automation Technologies Ltd for the previous quarter, Wall Street now forecasts -5.36% negative EPS growth.

Hollysys Automation Technologies Ltd (NASDAQ:HOLI) Ratings Coverage

Out of 4 analysts covering HollySys (NASDAQ:HOLI), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. HollySys has been the topic of 7 analyst reports since December 17, 2015 according to StockzIntelligence Inc. The stock of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has “Neutral” rating given on Tuesday, May 24 by Nomura. The rating was downgraded by Goldman Sachs to “Neutral” on Thursday, December 17. Nomura downgraded the shares of HOLI in a report on Thursday, April 28 to “Reduce” rating. The stock of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has “Neutral” rating given on Friday, January 8 by Credit Suisse. The stock of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has “Neutral” rating given on Thursday, February 18 by JP Morgan.

According to Zacks Investment Research, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors.”

More notable recent Hollysys Automation Technologies Ltd (NASDAQ:HOLI) news were published by: Finance.Yahoo.com which released: “Hollysys Automation Technologies Announces to Pay a Regular Annual Dividend of …” on September 26, 2016, also Marketwatch.com with their article: “Hollysys Automation Technologies Ltd.” published on December 27, 2010, Finance.Yahoo.com published: “Hollysys Automation Technologies will Host Its Annual Investor Day” on September 02, 2016. More interesting news about Hollysys Automation Technologies Ltd (NASDAQ:HOLI) were released by: Seekingalpha.com and their article: “Hollysys Automation Technologies’ (HOLI) CEO Baiqing Shao on Q4 2016 Results …” published on August 15, 2016 as well as Seekingalpha.com‘s news article titled: “Small Caps To Watch In 2016 – HollySys Automation Technologies” with publication date: December 30, 2015.

HOLI Company Profile

Hollysys Automation Technologies Ltd., formerly HLS Systems International, Ltd., incorporated on February 6, 2006, is a well-known provider of automation and control technologies, and products. The Company’s business divisions are industrial automation, rail transportation, mechanical and electrical solutions, and miscellaneous. The Company’s technologies are applied through its industrial automation solution suite, including the Distributed Control System (DCS), Programmable Logic Controller (PLC), Real-time Management Information System (RMIS), HolliAS Asset Management System (HAMS), Operator Training System (OTS), HolliAS BATCH (Batch Application Package), HolliAS Advanced Process Control Package (APC Suite), Safety Instrumentation System (SIS), high-speed railway signaling system of Train Control Center (TCC), Automatic Train Protection (ATP), Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS, and other products. The Firm serves its clients in the industrial, railway, subway, nuclear power, and mechanical and electronic industries in China, Southeast Asia, India, Europe and the Middle East.

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