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

StockNews.com began coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLIFree Report) in a research report sent to investors on Friday. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Up 0.0 %

Hollysys Automation Technologies stock opened at $23.47 on Friday. The firm has a market capitalization of $1.45 billion, a P/E ratio of 17.52 and a beta of 0.55. The company has a 50-day simple moving average of $25.00 and a 200-day simple moving average of $24.66. 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 quick ratio of 2.70 and a current ratio of 2.90.

Hollysys Automation Technologies (NASDAQ:HOLIGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 EPS for the quarter. The company 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

Several institutional investors and hedge funds have recently modified their holdings of HOLI. Truist Financial Corp lifted its holdings in Hollysys Automation Technologies by 2.0% in the fourth quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock worth $583,000 after purchasing an additional 434 shares during the period. Lester Murray Antman dba SimplyRich lifted its stake in shares of Hollysys Automation Technologies by 6.9% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 10,500 shares of the industrial products company’s stock worth $269,000 after acquiring an additional 681 shares during the period. 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 acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $26,000. Finally, California Public Employees Retirement System raised its holdings in Hollysys Automation Technologies by 2.9% during the third quarter. California Public Employees Retirement System now owns 108,942 shares of the industrial products company’s stock worth $2,161,000 after purchasing an additional 3,028 shares in the last quarter. Institutional investors own 78.67% of the company’s stock.

Hollysys Automation Technologies Company Profile

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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.

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