Holley (NYSE:HLLY – Get Rating) had its price objective lowered by Raymond James from $9.00 to $5.00 in a research report released on Tuesday morning, The Fly reports. The firm currently has an outperform rating on the stock.
A number of other research firms also recently commented on HLLY. JPMorgan Chase & Co. downgraded Holley from an overweight rating to a neutral rating and dropped their price objective for the company from $14.00 to $9.00 in a report on Friday, July 29th. Telsey Advisory Group dropped their price objective on Holley from $9.00 to $7.00 and set an outperform rating on the stock in a report on Tuesday. Benchmark dropped their price target on Holley to $12.00 in a research note on Tuesday, August 9th. Jefferies Financial Group downgraded Holley from a buy rating to a hold rating and dropped their price target for the stock from $18.00 to $10.00 in a research note on Friday, July 29th. Finally, DA Davidson dropped their price target on Holley to $9.00 in a research note on Monday, August 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Holley currently has a consensus rating of Moderate Buy and an average target price of $8.11.
Holley Trading Up 3.1 %
HLLY opened at $3.00 on Tuesday. Holley has a one year low of $2.29 and a one year high of $14.68. The company has a market cap of $357.36 million, a P/E ratio of 4.77, a PEG ratio of 0.34 and a beta of 0.68. The company has a debt-to-equity ratio of 1.52, a quick ratio of 1.16 and a current ratio of 3.37. The business’s 50-day simple moving average is $4.15 and its 200-day simple moving average is $7.42.
Institutional Trading of Holley
Holley Inc designs, manufactures, and markets automotive aftermarket products for car and truck enthusiasts in the United States, Canada, Europe, and China. The company's products include carburetors, fuel pumps, fuel injection systems, nitrous oxide injection systems, superchargers, exhaust headers, mufflers, distributors, ignition components, engine tuners, automotive performance plumbing products, and exhaust products as well as shifters, converters, transmission kits, transmissions, tuners, and automotive software.
- Get a free copy of the StockNews.com research report on Holley (HLLY)
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