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Weakness Seen in HollySys Automation Technologies (HOLI): Stock Declines 7.8%

Zacks Equity Research

HollySys Automation Technologies, Ltd. (HOLI) saw a big move last session, as the company’s shares fell nearly 8% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for HOLI, as the stock is now down nearly 13.2% in the past one-month time frame.  

The company has seen a flat track record when it comes to current year estimate revisions over the past few weeks. The consensus for earnings hasn’t been in a trend either. This recent price action is discouraging, so make sure to keep a close watch on this firm in the near future, and especially on earnings estimates following the recent slump.   

HOLI currently has a Zacks Rank #4 (Sell) while its Earnings ESP is zero.

Some better-ranked stocks in the industrial goods sector include Caterpillar Inc. (CAT), Crown Holdings Inc. (CCK) and Gorman-Rupp Co. (GRC). All these stocks carry a Zacks Rank #1 (Strong Buy).

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