Hollysys Automation Technologies (NASDAQ:HOLI) Earns Buy Rating from Analysts at StockNews.com

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

Hollysys Automation Technologies Price Performance

Shares of Hollysys Automation Technologies stock opened at $26.42 on Wednesday. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. The company has a market cap of $1.64 billion, a P/E ratio of 21.83 and a beta of 0.46. The firm’s 50 day moving average price is $24.67 and its 200-day moving average price is $24.59. Hollysys Automation Technologies has a 52-week low of $16.25 and a 52-week high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Thursday, May 16th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%. The business had revenue of $173.47 million for the quarter.

Institutional Investors Weigh In On Hollysys Automation Technologies

Several institutional investors have recently added to or reduced their stakes in the business. FourWorld Capital Management LLC purchased a new position in shares of Hollysys Automation Technologies in the 4th quarter valued at approximately $26,000. Blue Trust Inc. raised its holdings in shares of Hollysys Automation Technologies by 797.1% in the second quarter. Blue Trust Inc. now owns 1,884 shares of the industrial products company’s stock worth $41,000 after buying an additional 1,674 shares during the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth $190,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Hollysys Automation Technologies during the fourth quarter valued at $232,000. Finally, XTX Topco Ltd acquired a new position in shares of Hollysys Automation Technologies in the 2nd quarter valued at $233,000. Institutional investors and hedge funds 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.