Stock News Summary: Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) stock observed trading -37.76% off 52-week high price. On the other end, the stock has been noted 10.38% away from low price over the last 52-weeks. The stock disclosed a move of -7.24% away from 50 day moving average and -20.15% away from 200 day moving average. Moving closer, we can see that shares have been trading -4.08% off 20-day moving average. It has market cap of $910.65M and dividend yield of 1.20%.

On Sept. 27, 2019, Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) a leading provider of automation and control technologies and applications in China, declared that the Board of Directors of Hollysys has declared an annual cash dividend of $0.21 per ordinary share for 2019. The dividend will be payable on or about November 12, 2019 to shareholders of record at the close of business on October 22, 2019.

The declaration of future cash dividends, pursuant to the Company’s dividend policy, is subject to final discretion of the Board of Directors based on a number of factors, including but not limited to, the Company’s financial performance, its available cash resources, capital requirements and its investment opportunities. Accordingly, there can be no assurance that dividends in the future will be equal or similar in an amount to the amount described in this press release or that the Board of Directors will not decide to suspend or discontinue, altogether, the payment of cash dividends in the future.

Hollysys’ management said: We are pleased to return value to shareholders through paying regular cash dividend. We greatly appreciate the support of Hollysys’ shareholders and are very glad to be able to reward their support with paying them the cash dividend, which we believe is a prudent use of cash. In future, our Board of Directors will continue to evaluate Hollysys’ ongoing financial and operational performance in determining the amount and timing of future dividends to ensure they are strategically aligned to enhance shareholder value.

The China based company Hollysys Automation Technologies Ltd. moved with change of -0.60% to $15 with the total traded volume of 278801 shares in recent session versus to an average volume of 232.45K. The stock was observed in the 5 days activity at -5.42%. The one month performance of stock was -1.83%. HOLI’s shares are at -21.05% for the quarter and driving a -27.26% return over the course of the past year and is now at -14.33% since this point in 2018.  Right now the stock beta is 1.42. The average volatility for the week and month was at 3.99% and 3.62% respectively. There are 60.71M shares outstanding and 55.35M shares are floated in market.

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Nattan Brooks

Nattan is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Nattan is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Earnings News category for our site.Address: 4188 Spadafore Drive, Erie, PennsylvaniaPhone number: 814-705-9247Email: [email protected] 

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