HollySys (NASDAQ:HOLI) Receives a Downgrade
Goldman has given HollySys (NASDAQ:HOLI) shares a new “Neutral” rating in a recent research report published on 17 December. This was a decrease from the past “Buy” rating.
Approximately 77,845 shares of stock traded hands. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has declined 2.25% since May 14, 2015 and is downtrending. It has outperformed by 0.02% the S&P500.
Hollysys Automation Technologies Ltd., formerly HLS Systems International, Ltd., is a well-known provider of automation and control technologies, and products. The company has a market cap of $1.31 billion. The Company’s business divisions are industrial automation, rail transportation, mechanical and electrical solutions, and miscellaneous. It has 13.45 P/E ratio.
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.”