Holley (NYSE:HLLY) Stock Price Up 0.4% – What’s Next?

Holley Inc. (NYSE:HLLY)’s stock price was up 0.4% on Tuesday . The company traded as high as $4.07 and last traded at $4.0550. Approximately 411,076 shares changed hands during trading, a decline of 39% from the average daily volume of 673,155 shares. The stock had previously closed at $4.04.

Wall Street Analyst Weigh In

HLLY has been the subject of a number of recent analyst reports. Benchmark upped their price target on shares of Holley from $4.00 to $4.50 and gave the company a “buy” rating in a report on Monday, November 10th. Canaccord Genuity Group restated a “buy” rating on shares of Holley in a research report on Tuesday, December 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Holley in a report on Thursday, January 22nd. Telsey Advisory Group raised their target price on Holley from $3.50 to $5.00 and gave the stock an “outperform” rating in a research note on Friday, November 7th. Finally, DA Davidson upped their price target on Holley from $3.00 to $4.50 and gave the company a “neutral” rating in a research report on Monday, November 10th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Holley currently has an average rating of “Moderate Buy” and an average price target of $4.50.

Holley Price Performance

The stock has a market cap of $488.67 million, a PE ratio of -18.43 and a beta of 1.31. The business has a fifty day simple moving average of $4.15 and a two-hundred day simple moving average of $3.48. The company has a current ratio of 2.78, a quick ratio of 1.06 and a debt-to-equity ratio of 1.20.

Holley (NYSE:HLLY) last released its quarterly earnings results on Friday, November 7th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $138.37 million for the quarter, compared to the consensus estimate of $132.36 million. Holley had a negative net margin of 4.16% and a positive return on equity of 6.75%. Research analysts forecast that Holley Inc. will post 0.12 earnings per share for the current year.

Hedge Funds Weigh In On Holley

A number of institutional investors and hedge funds have recently made changes to their positions in HLLY. Cerity Partners LLC purchased a new position in shares of Holley during the second quarter valued at approximately $25,000. Schonfeld Strategic Advisors LLC purchased a new position in Holley during the third quarter valued at $34,000. State of Alaska Department of Revenue purchased a new position in Holley during the fourth quarter valued at $35,000. Sherbrooke Park Advisers LLC bought a new stake in Holley in the third quarter worth $38,000. Finally, Captrust Financial Advisors purchased a new stake in shares of Holley in the second quarter worth $44,000. Institutional investors own 39.70% of the company’s stock.

Holley Company Profile

Holley Inc is a designer, manufacturer and marketer of high‐performance automotive products for the enthusiast market. Through its portfolio of well‐known brands, the company develops fuel delivery systems, intake manifolds, ignition components, nitrous oxide systems, digital controls and other engine‐dress accessories tailored to both street and competition applications. Holley’s products are sold through a network of domestic and international distributors, retailers and directly to professional race teams and hobbyists.

The company’s product offerings span mechanical and electronic fuel injection, carburetion, engine management, add‐on power systems and calibration tools.