According to Zacks, “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. “
Separately, Deutsche Bank AG started coverage on Hollysys Automation Technologies in a research note on Monday, July 11th. They issued a buy rating and a $25.80 price target for the company. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $21.78.
Shares of Hollysys Automation Technologies (NASDAQ:HOLI) opened at 20.72 on Monday. The stock has a 50 day moving average price of $21.80 and a 200 day moving average price of $19.58. Hollysys Automation Technologies has a one year low of $15.00 and a one year high of $23.55. The stock has a market capitalization of $1.24 billion, a P/E ratio of 10.54 and a beta of 2.06.
The company also recently disclosed an annual dividend, which will be paid on Friday, November 11th. Shareholders of record on Wednesday, October 26th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, October 24th.
A number of large investors have recently bought and sold shares of the company. Handelsbanken Fonder AB raised its stake in Hollysys Automation Technologies by 1.3% in the second quarter. Handelsbanken Fonder AB now owns 1,492,112 shares of the company’s stock valued at $25,918,000 after buying an additional 19,500 shares during the period. Barclays PLC boosted its position in shares of Hollysys Automation Technologies by 17.9% in the first quarter. Barclays PLC now owns 238,698 shares of the company’s stock valued at $5,012,000 after buying an additional 36,219 shares in the last quarter. BlackRock Group LTD bought a new position in shares of Hollysys Automation Technologies during the first quarter valued at $6,048,000. British Airways Pensions Investment Management Ltd boosted its position in shares of Hollysys Automation Technologies by 63.0% in the second quarter. British Airways Pensions Investment Management Ltd now owns 346,381 shares of the company’s stock valued at $6,040,000 after buying an additional 133,870 shares in the last quarter. Finally, Pictet Asset Management Ltd. boosted its position in shares of Hollysys Automation Technologies by 60.0% in the first quarter. Pictet Asset Management Ltd. now owns 603,069 shares of the company’s stock valued at $11,343,000 after buying an additional 226,171 shares in the last quarter. Institutional investors own 51.78% of the company’s stock.
About Hollysys Automation Technologies
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