Hollysys Automation Technologies (NASDAQ:HOLI) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLIFree Report) in a research note released on Sunday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Price Performance

HOLI opened at $25.58 on Friday. Hollysys Automation Technologies has a 12-month low of $15.13 and a 12-month high of $27.25. The company has a current ratio of 2.90, a quick ratio of 2.70 and a debt-to-equity ratio of 0.04. The business’s fifty day simple moving average is $25.57 and its 200-day simple moving average is $23.64. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.09 and a beta of 0.53.

Hollysys Automation Technologies (NASDAQ:HOLIGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%. The company had revenue of $223.72 million for the quarter.

Institutional Trading of Hollysys Automation Technologies

A number of institutional investors have recently made changes to their positions in the company. Quilter Plc purchased a new stake in Hollysys Automation Technologies in the first quarter valued at $645,450,000. FourWorld Capital Management LLC purchased a new stake in Hollysys Automation Technologies in the fourth quarter valued at $26,000. Blue Trust Inc. raised its position in 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. Tower Research Capital LLC TRC purchased a new stake in Hollysys Automation Technologies in the first quarter valued at $35,000. Finally, US Bancorp DE raised its position in Hollysys Automation Technologies by 71.5% in the fourth quarter. US Bancorp DE now owns 2,984 shares of the industrial products company’s stock valued at $79,000 after purchasing an additional 1,244 shares during the period. 78.67% of the stock is owned by institutional investors and hedge funds.

Hollysys Automation Technologies Company Profile

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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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