Hollysys Automation Technologies (NASDAQ:HOLI) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com initiated coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a research note issued to investors on Tuesday. The brokerage set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Price Performance

HOLI stock opened at $25.05 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.90 and a quick ratio of 2.70. The business has a 50 day simple moving average of $25.63 and a 200-day simple moving average of $24.18. The firm has a market capitalization of $1.55 billion, a PE ratio of 18.69 and a beta of 0.53. Hollysys Automation Technologies has a 1 year low of $15.13 and a 1 year high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The business had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%.

Institutional Investors Weigh In On Hollysys Automation Technologies

A number of large investors have recently made changes to their positions in the stock. FourWorld Capital Management LLC acquired a new stake in Hollysys Automation Technologies during the fourth quarter worth $26,000. Blue Trust Inc. increased its stake in Hollysys Automation Technologies by 665.2% during the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 918 shares during the last quarter. Tower Research Capital LLC TRC acquired a new stake in Hollysys Automation Technologies during the first quarter worth $35,000. US Bancorp DE increased its stake in Hollysys Automation Technologies by 71.5% during the fourth quarter. US Bancorp DE now owns 2,984 shares of the industrial products company’s stock worth $79,000 after acquiring an additional 1,244 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Hollysys Automation Technologies during the first quarter worth $88,000. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation control system solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.