Hollysys Automation Technologies (NASDAQ:HOLI) Now Covered by StockNews.com

StockNews.com began coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a report published on Thursday morning. The firm issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Performance

Shares of Hollysys Automation Technologies stock opened at $23.63 on Thursday. The business’s 50 day moving average price is $25.22 and its 200 day moving average price is $24.55. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 17.63 and a beta of 0.55. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 2.90. Hollysys Automation Technologies has a one year low of $15.13 and a one year high of $27.25.

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

Institutional Trading of Hollysys Automation Technologies

Hedge funds have recently made changes to their positions in the company. California Public Employees Retirement System lifted its holdings in Hollysys Automation Technologies by 2.9% in the third quarter. California Public Employees Retirement System now owns 108,942 shares of the industrial products company’s stock valued at $2,161,000 after acquiring an additional 3,028 shares during the last quarter. Maso Capital Partners Ltd boosted its position in Hollysys Automation Technologies by 15.1% in the 3rd quarter. Maso Capital Partners Ltd now owns 1,055,852 shares of the industrial products company’s stock valued at $20,948,000 after buying an additional 138,259 shares during the period. Prescott Group Capital Management L.L.C. grew its stake in shares of Hollysys Automation Technologies by 20.6% in the third quarter. Prescott Group Capital Management L.L.C. now owns 290,665 shares of the industrial products company’s stock worth $5,767,000 after acquiring an additional 49,666 shares in the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Hollysys Automation Technologies by 164.3% in the third quarter. Qube Research & Technologies Ltd now owns 310,154 shares of the industrial products company’s stock worth $6,153,000 after acquiring an additional 192,785 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Hollysys Automation Technologies by 1.5% during the third quarter. Vanguard Group Inc. now owns 2,299,485 shares of the industrial products company’s stock worth $45,622,000 after acquiring an additional 32,999 shares during the period. Hedge funds and other institutional investors own 78.67% of the company’s stock.

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.