Hollysys Automation Technologies Ltd (NASDAQ:HOLI) announced an annual dividend on Friday, September 27th, Zacks reports. Investors 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 yield of 1.38%. The ex-dividend date is Monday, October 21st. This is a positive change from Hollysys Automation Technologies’s previous annual dividend of $0.18.
Shares of HOLI traded down $0.04 during mid-day trading on Friday, reaching $15.64. 128,900 shares of the company’s stock were exchanged, compared to its average volume of 250,291. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.25 and a quick ratio of 3.12. Hollysys Automation Technologies has a 52-week low of $13.59 and a 52-week high of $24.10. The stock has a market capitalization of $923.84 million, a PE ratio of 6.92 and a beta of 1.39. The business’s fifty day simple moving average is $14.77 and its 200-day simple moving average is $17.07.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Wednesday, August 14th. The industrial products company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.14). Hollysys Automation Technologies had a return on equity of 15.13% and a net margin of 21.96%. The company had revenue of $156.99 million for the quarter, compared to analyst estimates of $162.75 million. During the same period last year, the firm posted $0.46 earnings per share. The business’s revenue was up 6.6% on a year-over-year basis. Equities research analysts predict that Hollysys Automation Technologies will post 2.4 earnings per share for the current year.
HOLI has been the topic of a number of recent analyst reports. Goldman Sachs Group raised Hollysys Automation Technologies from a “neutral” rating to a “buy” rating and set a $18.70 target price on the stock in a research report on Monday, November 4th. BidaskClub lowered Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research report on Friday, October 4th. Zacks Investment Research lowered Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Wednesday, October 30th. TheStreet lowered Hollysys Automation Technologies from a “b-” rating to a “c” rating in a research report on Monday, August 5th. Finally, ValuEngine raised Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.23.
Hollysys Automation Technologies Company Profile
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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