The stock of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) is a huge mover today! The stock decreased 6.03% or $1.19 on November 15, hitting $18.54. About 1.20 million shares traded hands or 365.24% up from the average. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has declined 2.81% since April 13, 2016 and is downtrending. It has underperformed by 6.74% the S&P500.
The move comes after 6 months negative chart setup for the $1.11B company. It was reported on Nov, 15 by Barchart.com. We have $17.24 PT which if reached, will make NASDAQ:HOLI worth $77.70M less.
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. As per Thursday, December 17, the company rating was downgraded by Goldman Sachs. The rating was downgraded by JP Morgan to “Neutral” on Thursday, February 18. The stock of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has “Neutral” rating given on Tuesday, May 24 by Nomura. The firm earned “Reduce” rating on Thursday, April 28 by Nomura. The firm earned “Neutral” rating on Friday, January 8 by Credit Suisse.
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 important recent Hollysys Automation Technologies Ltd (NASDAQ:HOLI) news were published by: Marketwatch.com which released: “Hollysys Automation Technologies Ltd.” on December 27, 2010, also Fool.com published article titled: “Why Shares of HollySys Automation Technologies Ltd. Imploded”, Prnewswire.com published: “Hollysys Automation Technologies Announces Ground-Based High-Speed Rail …” on April 21, 2015. More interesting news about Hollysys Automation Technologies Ltd (NASDAQ:HOLI) was released by: Prnewswire.com and their article: “Hollysys Automation Technologies Announces a Contract Win to Provide its …” with publication date: September 01, 2016.
HOLI Company Profile
Hollysys Automation Technologies Ltd., incorporated on February 6, 2006, is a well-known provider of automation and control technologies, and products. The Company’s divisions include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. The Company’s principal focus is to provide Distributed Control Systems (DCSs), Programmable Logic Controller (PLC), and related industrial automation and control solution to industrial and manufacturing companies. The Company’s technologies are applied through its industrial automation solution suite, including the DCS, PLC, Real-time Management Information System (RMIS), HolliAS Asset Management System (HAMS), Operator Training System (OTS), Batch Application Package (HolliAS BATCH), Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), 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 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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