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

StockNews.com initiated coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a research note released on Wednesday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Performance

NASDAQ:HOLI opened at $21.58 on Wednesday. Hollysys Automation Technologies has a 12-month low of $16.25 and a 12-month high of $27.25. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $1.34 billion, a PE ratio of 17.83 and a beta of 0.47. The firm has a 50-day moving average price of $22.85 and a 200 day moving average price of $24.65.

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

Institutional Trading of Hollysys Automation Technologies

Hedge funds have recently modified their holdings of the company. FourWorld Capital Management LLC acquired a new stake in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $26,000. Blue Trust Inc. grew its stake 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 valued at $28,000 after purchasing an additional 918 shares during the last quarter. Wolverine Asset Management LLC bought a new stake in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $190,000. Cantor Fitzgerald L. P. bought a new stake in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $232,000. Finally, Lester Murray Antman dba SimplyRich bought a new stake in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $259,000. Institutional investors and hedge funds 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.