Major Move Is Coming For Hollysys Automation Technologies Ltd After Bullish Options Activity


 Major Move Is Coming For Hollysys Automation Technologies Ltd After Bullish Options Activity

In today’s session Hollysys Automation Technologies Ltd (HOLI) registered an unusually high (419) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious HOLI increase. With 419 contracts traded and 6964 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: HOLI170120C00025000 closed last at: $0.8 or 30.4% down. The stock increased 1.14% or $0.26 on October 4, hitting $23.09. About 229,666 shares traded hands. Hollysys Automation Technologies Ltd (NASDAQ:HOLI) has risen 15.51% since March 2, 2016 and is uptrending. It has outperformed by 6.27% the S&P500.

Analysts await Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to report earnings on November, 10. They expect $0.53 EPS, up 23.26% or $0.10 from last year’s $0.43 per share. HOLI’s profit will be $32.59 million for 10.89 P/E if the $0.53 EPS becomes a reality. After $0.56 actual EPS reported by Hollysys Automation Technologies Ltd for the previous quarter, Wall Street now forecasts -5.36% negative EPS growth.

Hollysys Automation Technologies Ltd (NASDAQ:HOLI) Ratings Coverage

Out of 4 analysts covering HollySys (NASDAQ:HOLI), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. HollySys has been the topic of 7 analyst reports since December 17, 2015 according to StockzIntelligence Inc. The rating was downgraded by Goldman Sachs on Thursday, December 17 to “Neutral”. The stock has “Neutral” rating given by Nomura on Tuesday, May 24. On Thursday, February 18 the stock rating was downgraded by JP Morgan to “Neutral”. The rating was downgraded by Nomura to “Reduce” on Thursday, April 28. Credit Suisse downgraded the shares of HOLI in a report on Friday, January 8 to “Neutral” rating.

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 $1.42 billion. The Company’s business divisions are industrial automation, rail transportation, mechanical and electrical solutions, and miscellaneous. It has a 11.72 P/E ratio.

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