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

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

Hollysys Automation Technologies Price Performance

Hollysys Automation Technologies stock remained flat at $26.42 during trading hours on Wednesday. 224 shares of the company’s stock were exchanged, compared to its average volume of 642,693. The stock has a market cap of $1.64 billion, a PE ratio of 21.83 and a beta of 0.46. The company’s 50 day simple moving average is $24.51 and its two-hundred day simple moving average is $24.57. 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 has a 1-year low of $16.25 and a 1-year high of $27.25.

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

Institutional Investors Weigh In On Hollysys Automation Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FourWorld Capital Management LLC bought a new position 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 797.1% during the second quarter. Blue Trust Inc. now owns 1,884 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 1,674 shares in the last quarter. Wolverine Asset Management LLC purchased a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $190,000. Cantor Fitzgerald L. P. purchased a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $232,000. Finally, XTX Topco Ltd bought a new stake in shares of Hollysys Automation Technologies in the 2nd quarter worth approximately $233,000. 78.67% of the stock is owned by hedge funds and other institutional investors.

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.