Notable Upgrades: Sky-mobi (MOBI), Alliance Fiber Optic Products (AFOP), Qualys (QLYS), HollySys (HOLI)

Sky-mobi Limited (MOBI) was reiterated a ‘Buy’ by Rosenblatt analysts on Wednesday. The broker also raised its price target on the stock to $11 from $10.

MOBI shares recently gained $0.49 to $4.55. In the past 52 weeks, shares of Hangzhou, China-based company have traded between a low of $3.28 and a high of $10.56. Shares are down 51.38% year-over-year ; up 6.56% year-to-date.

Alliance Fiber Optic Products Inc. (AFOP) was reiterated as ‘Buy’ with a $21 from $18 price target on Wednesday by Needham.

On valuation measures, Alliance Fiber Optic Products shares are currently priced at 23.58x this year’s forecasted earnings compared to the industry’s 24.66x earnings multiple. Ticker has a PEG and forward P/E ratio of 0.63 and 14.89, respectively. Price/Sales for the same period is 3.61 while EPS is $0.77. Currently there are 2 analysts that rate AFOP a ‘Buy’, 1 rates it a ‘Hold’. No analyst rates it a ‘Sell’. AFOP has a median Wall Street price target of $18.00 with a high target of $22.00.

In the past 52 weeks, shares of the Sunnyvale, California-based company have traded between a low of $10.75 and a high of $22.60 and are now at $18.16. Shares are up 7.08% year-over-year and 19.92% year-to-date.

Analysts at Topeka Capital Markets are out with a report this morning upgrading shares of Qualys, Inc. (QLYS) with a ‘Buy‘ from ‘Hold‘ rating. The firm raised its price target for the company to $61 from $46, implying 33% expected upside.

Qualys, Inc, currently valued at $1.74 billion, has a median Wall Street price target of $45.00 with a high target of $51.00. Approximately 824K shares have already changed hands, compared to the stock’s average daily volume of 378K.

In the past 52 weeks, shares of Redwood City, Calif.-based cloud security provider have traded between a low of $18.00 and a high of $52.94 with the 50-day MA and 200-day MA located at $46.38 and $37.63 levels, respectively. Additionally, shares of QLYS trade at a P/E ratio of 3.77 and have a Relative Strength Index (RSI) and MACD indicator of 69.95 and +3.00, respectively.

QLYS currently prints a one year return of about 102% and a year-to-date return of around 30%.

Analysts at Morgan Stanley (MS) upgraded their rating on the shares of HollySys Automation Technologies, Ltd. (HOLI). In a research note published on Wednesday, the firm lifted the name with a ‘Overweight‘ from ‘Equal-Weight‘ rating.

HOLI shares recently gained $2.55 to $23.57. In the past 52 weeks, shares of Beijing, China-based company have traded between a low of $16.68 and a high of $26.80. Currently there are 7 analysts that rate HOLI a ‘Buy’, 1 rates it a ‘Hold’. No analyst rates it a ‘Sell’. HollySys has a median Wall Street price target of $27.73 with a high target of $30.00.

Shares are down 2.46% year-over-year and 13.96% year-to-date.

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