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

Analysts at StockNews.com started coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a report issued on Wednesday. The firm set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Down 0.4 %

Shares of HOLI opened at $24.43 on Wednesday. Hollysys Automation Technologies has a one year low of $15.13 and a one year high of $27.25. The company has a market cap of $1.51 billion, a P/E ratio of 18.23 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.90 and a quick ratio of 2.70. The firm has a 50 day simple moving average of $25.44 and a two-hundred day simple moving average of $24.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly 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

Institutional investors have recently modified their holdings of the stock. FourWorld Capital Management LLC acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter worth $26,000. Blue Trust Inc. increased its holdings in shares of Hollysys Automation Technologies by 665.2% during the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $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 worth $190,000. Cantor Fitzgerald L. P. bought a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth $232,000. Finally, Lester Murray Antman dba SimplyRich bought a new stake in shares of Hollysys Automation Technologies in the fourth 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.