Hollysys Automation Technologies (NASDAQ:HOLI) Earns Buy Rating from Analysts at StockNews.com

Research analysts at StockNews.com started coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a report released on Thursday. The brokerage set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Performance

Shares of HOLI opened at $23.52 on Thursday. The company has a market capitalization of $1.45 billion, a PE ratio of 17.55 and a beta of 0.53. Hollysys Automation Technologies has a one year low of $15.13 and a one 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. The company’s fifty day moving average price is $25.30 and its 200 day moving average price is $24.47.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Thursday, March 7th. The industrial products company reported $0.23 EPS for the quarter. The firm had revenue of $223.72 million for 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 and hedge funds have recently made changes to their positions in the stock. FourWorld Capital Management LLC bought a new position in shares of Hollysys Automation Technologies during the 4th quarter worth about $26,000. Blue Trust Inc. increased its holdings in shares of Hollysys Automation Technologies by 665.2% during the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 918 shares during the period. Wolverine Asset Management LLC bought a new position in shares of Hollysys Automation Technologies during the 4th quarter worth about $190,000. Cantor Fitzgerald L. P. acquired a new stake in shares of Hollysys Automation Technologies during the 4th quarter valued at about $232,000. Finally, Lester Murray Antman dba SimplyRich acquired a new stake in shares of Hollysys Automation Technologies during the 4th quarter valued at about $259,000. 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.