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

StockNews.com started coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a research report released on Tuesday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Trading Down 1.5 %

NASDAQ HOLI opened at $24.67 on Tuesday. The company has a market capitalization of $1.53 billion, a PE ratio of 18.41 and a beta of 0.53. The company has a fifty day moving average of $25.61 and a 200 day moving average of $24.21. Hollysys Automation Technologies has a 1 year low of $15.13 and a 1 year high of $27.25. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.90 and a quick ratio of 2.70.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. The company had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a net margin of 10.56% and a return on equity of 7.09%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Truist Financial Corp grew its stake in shares of Hollysys Automation Technologies by 2.0% in the 4th quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock valued at $583,000 after buying an additional 434 shares during the period. Quilter Plc purchased a new position in Hollysys Automation Technologies during the 1st quarter worth $645,450,000. Blue Trust Inc. boosted its holdings 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 acquiring an additional 918 shares in the last quarter. FourWorld Capital Management LLC purchased a new stake in shares of Hollysys Automation Technologies in the fourth quarter valued at about $26,000. Finally, Stifel Financial Corp lifted its stake in shares of Hollysys Automation Technologies by 7.6% in the second quarter. Stifel Financial Corp now owns 14,688 shares of the industrial products company’s stock valued at $258,000 after purchasing an additional 1,039 shares during the period. Institutional investors and hedge funds own 78.67% of the company’s stock.

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.