Hollysys Automation Technologies (NASDAQ:HOLI) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a report released on Wednesday. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Performance

NASDAQ:HOLI opened at $24.55 on Wednesday. The stock has a 50-day simple moving average of $25.41 and a two-hundred day simple moving average of $24.40. Hollysys Automation Technologies has a 52-week low of $15.13 and a 52-week high of $27.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 2.90. The firm has a market capitalization of $1.52 billion, a PE ratio of 18.32 and a beta of 0.53.

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

Institutional Trading of Hollysys Automation Technologies

Hedge funds have recently bought and sold shares of the stock. FourWorld Capital Management LLC bought a new stake in Hollysys Automation Technologies during the fourth quarter valued at about $26,000. Blue Trust Inc. lifted its position in shares of Hollysys Automation Technologies by 665.2% in the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 918 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Hollysys Automation Technologies in the fourth quarter valued at about $190,000. Cantor Fitzgerald L. P. purchased a new position in shares of Hollysys Automation Technologies in the fourth quarter valued at about $232,000. Finally, Lester Murray Antman dba SimplyRich purchased a new position in shares of Hollysys Automation Technologies in the fourth quarter valued at about $259,000. Institutional investors own 78.67% of the company’s stock.

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.