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

Equities research analysts at StockNews.com assumed coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLIGet Free Report) in a research note issued on Tuesday. The firm set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Trading Down 3.3 %

Shares of HOLI stock opened at $21.93 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.02 and a quick ratio of 2.80. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 18.12 and a beta of 0.47. The stock has a 50 day simple moving average of $23.44 and a 200-day simple moving average of $24.73. Hollysys Automation Technologies has a 1-year low of $16.25 and a 1-year high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLIGet Free Report) last announced its earnings results on Thursday, May 16th. The industrial products company reported $0.07 earnings per share for the quarter. The business had revenue of $173.47 million during the quarter. Hollysys Automation Technologies had a return on equity of 6.39% and a net margin of 9.52%.

Institutional Trading of Hollysys Automation Technologies

Large investors have recently made changes to their positions in the company. FourWorld Capital Management LLC purchased a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $26,000. Blue Trust Inc. increased its position 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 purchasing an additional 918 shares in the last quarter. Wolverine Asset Management LLC purchased a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $190,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $232,000. Finally, Lester Murray Antman dba SimplyRich purchased a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $259,000. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

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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