Somewhat Favorable News Coverage Somewhat Unlikely to Impact Hollysys Automation Technologies (HOLI) Share Price

Press coverage about Hollysys Automation Technologies (NASDAQ:HOLI) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Hollysys Automation Technologies earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the industrial products company an impact score of 45.8490237240787 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:

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HOLI stock traded down $0.79 during midday trading on Monday, reaching $23.93. 179,573 shares of the company’s stock traded hands, compared to its average volume of 305,422. The firm has a market capitalization of $1,491.66, a PE ratio of 15.95 and a beta of 1.57. The company has a current ratio of 2.90, a quick ratio of 2.76 and a debt-to-equity ratio of 0.03. Hollysys Automation Technologies has a 52 week low of $15.08 and a 52 week high of $28.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.60 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.21. The business had revenue of $157.40 million during the quarter. Hollysys Automation Technologies had a net margin of 18.89% and a return on equity of 12.72%. The business’s revenue for the quarter was up 58.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 EPS. equities analysts predict that Hollysys Automation Technologies will post 1.83 earnings per share for the current fiscal year.

Several research firms have recently weighed in on HOLI. BidaskClub lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, March 22nd. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. ValuEngine upgraded shares of Hollysys Automation Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase lowered shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $27.00 to $25.00 in a research note on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $22.58.

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Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.

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