StockNews.com Begins Coverage on Hollysys Automation Technologies (NASDAQ:HOLI)

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

Hollysys Automation Technologies Trading Down 0.1 %

Shares of NASDAQ HOLI opened at $21.64 on Thursday. The stock has a market capitalization of $1.34 billion, a P/E ratio of 17.88 and a beta of 0.47. The stock’s 50 day moving average price is $22.54 and its two-hundred day moving average price is $24.57. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. 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 announced its quarterly earnings data on Thursday, May 16th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. The firm had revenue of $173.47 million for the quarter. Hollysys Automation Technologies had a return on equity of 6.39% and a net margin of 9.52%.

Institutional Investors Weigh In On Hollysys Automation Technologies

Large investors have recently added to or reduced their stakes in the stock. FourWorld Capital Management LLC acquired a new stake in shares of Hollysys Automation Technologies in the 4th quarter worth about $26,000. Blue Trust Inc. increased its stake 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 purchasing an additional 918 shares during the period. Wolverine Asset Management LLC bought a new stake in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $190,000. Cantor Fitzgerald L. P. acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $232,000. Finally, Lester Murray Antman dba SimplyRich bought a new position in Hollysys Automation Technologies in the 4th quarter worth approximately $259,000. 78.67% of the stock is owned by institutional investors and hedge funds.

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.