Hollysys Automation Technologies (NASDAQ:HOLI) Sees Large Volume Increase

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) shares saw an uptick in trading volume on Tuesday . 277,666 shares changed hands during mid-day trading, a decline of 51% from the previous session’s volume of 566,671 shares.The stock last traded at $25.41 and had previously closed at $25.45.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of Hollysys Automation Technologies in a report on Thursday, June 27th. They issued a “buy” rating on the stock.

Hollysys Automation Technologies Stock Down 1.3 %

The business’s fifty day moving average price is $22.54 and its 200 day moving average price is $24.57. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of 21.03 and a beta of 0.46. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.04.

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

Hedge Funds Weigh In On Hollysys Automation Technologies

A number of hedge funds and other institutional investors have recently bought and sold shares of HOLI. Qube Research & Technologies Ltd grew its position in Hollysys Automation Technologies by 164.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 310,154 shares of the industrial products company’s stock valued at $6,153,000 after buying an additional 192,785 shares during the last quarter. Vanguard Group Inc. grew its position in Hollysys Automation Technologies by 1.5% in 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 last quarter. FNY Investment Advisers LLC purchased a new position in Hollysys Automation Technologies in the 4th quarter valued at $832,000. Blue Trust Inc. grew its position in Hollysys Automation Technologies by 665.2% in the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after buying an additional 918 shares during the last quarter. Finally, Lester Murray Antman dba SimplyRich purchased a new stake in shares of Hollysys Automation Technologies during the 4th quarter worth $259,000. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

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.