StockNews.com initiated coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI – Free Report) 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 – Get Free Report) 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
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.
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