Hollysys Automation Technologies (NASDAQ:HOLI) Coverage Initiated by Analysts at StockNews.com

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

Hollysys Automation Technologies Price Performance

Hollysys Automation Technologies stock traded down $0.02 during trading on Thursday, reaching $23.63. The company had a trading volume of 130,082 shares, compared to its average volume of 402,077. 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’s 50-day simple moving average is $25.26 and its 200 day simple moving average is $24.46. The firm has a market capitalization of $1.46 billion, a PE ratio of 17.63 and a beta of 0.55. 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 data on Thursday, March 7th. The industrial products company reported $0.23 EPS for the quarter. The firm 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 Trading of Hollysys Automation Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of HOLI. Qube Research & Technologies Ltd grew its holdings in shares of Hollysys Automation Technologies by 164.3% in the third quarter. Qube Research & Technologies Ltd now owns 310,154 shares of the industrial products company’s stock valued at $6,153,000 after purchasing an additional 192,785 shares during the period. Blue Trust Inc. increased its holdings in shares of Hollysys Automation Technologies by 665.2% during the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $28,000 after buying an additional 918 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Hollysys Automation Technologies by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,299,485 shares of the industrial products company’s stock valued at $45,622,000 after buying an additional 32,999 shares during the period. Maso Capital Partners Ltd lifted its holdings in Hollysys Automation Technologies by 15.1% in the third quarter. Maso Capital Partners Ltd now owns 1,055,852 shares of the industrial products company’s stock valued at $20,948,000 after acquiring an additional 138,259 shares during the last quarter. Finally, California Public Employees Retirement System grew its position in Hollysys Automation Technologies by 2.9% in the third quarter. California Public Employees Retirement System now owns 108,942 shares of the industrial products company’s stock worth $2,161,000 after acquiring an additional 3,028 shares during the period. 78.67% of the stock is owned by institutional investors and hedge funds.

About Hollysys Automation Technologies

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.