Hollysys Automation Technologies Ltd (NASDAQ:HOLI) announced an annual dividend on Friday, September 27th, Zacks reports. Shareholders of record on Tuesday, October 22nd will be paid a dividend of 0.21 per share by the industrial products company on Tuesday, November 12th. This represents a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, October 21st. This is a boost from Hollysys Automation Technologies’s previous annual dividend of $0.18.
Shares of HOLI stock traded down $0.04 during midday trading on Friday, reaching $15.64. 128,900 shares of the stock were exchanged, compared to its average volume of 250,291. Hollysys Automation Technologies has a 1 year low of $13.59 and a 1 year high of $24.10. The company has a current ratio of 3.25, a quick ratio of 3.12 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $14.77 and its two-hundred day moving average is $17.07. The firm has a market cap of $923.84 million, a PE ratio of 6.92 and a beta of 1.39.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Wednesday, August 14th. The industrial products company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.14). Hollysys Automation Technologies had a net margin of 21.96% and a return on equity of 15.13%. The firm had revenue of $156.99 million during the quarter, compared to analysts’ expectations of $162.75 million. During the same period last year, the company earned $0.46 EPS. The business’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities analysts expect that Hollysys Automation Technologies will post 2.4 EPS for the current fiscal year.
A number of equities analysts recently weighed in on the stock. BidaskClub cut shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, October 4th. ValuEngine upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. TheStreet lowered shares of Hollysys Automation Technologies from a “b-” rating to a “c” rating in a report on Monday, August 5th. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, October 30th. Finally, Goldman Sachs Group upgraded shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating and set a $18.70 target price on the stock in a report on Monday, November 4th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Hollysys Automation Technologies currently has an average rating of “Hold” and a consensus price target of $20.23.
About Hollysys Automation Technologies
Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.
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