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

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

Hollysys Automation Technologies Trading Up 0.5 %

Shares of NASDAQ:HOLI opened at $24.52 on Wednesday. Hollysys Automation Technologies has a 12-month low of $15.13 and a 12-month high of $27.25. The business has a 50 day moving average of $25.47 and a 200-day moving average of $24.35. The company has a quick ratio of 2.70, a current ratio of 2.90 and a debt-to-equity ratio of 0.04. The stock has a market cap of $1.52 billion, a PE ratio of 18.30 and a beta of 0.53.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results 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 business had revenue of $223.72 million during the quarter.

Hedge Funds Weigh In On Hollysys Automation Technologies

Several institutional investors and hedge funds have recently modified their holdings of HOLI. FourWorld Capital Management LLC bought a new stake in Hollysys Automation Technologies in the 4th quarter valued at about $26,000. Blue Trust Inc. raised its position 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 buying an additional 918 shares in the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Hollysys Automation Technologies in the fourth quarter valued at approximately $190,000. Cantor Fitzgerald L. P. acquired a new stake in 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 during the 4th quarter worth $259,000. 78.67% of the stock is currently owned by institutional investors and hedge funds.

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.