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

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

Hollysys Automation Technologies Stock Performance

NASDAQ HOLI remained flat at $26.42 during trading on Tuesday. 224 shares of the company’s stock traded hands, compared to its average volume of 642,693. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.04. Hollysys Automation Technologies has a 1-year low of $16.25 and a 1-year high of $27.25. The firm has a market capitalization of $1.64 billion, a P/E ratio of 21.83 and a beta of 0.46. The stock has a 50 day simple moving average of $24.21 and a two-hundred day simple moving average of $24.56.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in HOLI. Truist Financial Corp grew its position in shares of Hollysys Automation Technologies by 2.0% in the 4th quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock worth $583,000 after buying an additional 434 shares during the period. Lester Murray Antman dba SimplyRich grew its position 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 buying an additional 681 shares during the period. FourWorld Capital Management LLC purchased a new stake in shares of Hollysys Automation Technologies in the 4th quarter worth about $26,000. Blue Trust Inc. grew its position in shares of Hollysys Automation Technologies by 797.1% in the 2nd quarter. Blue Trust Inc. now owns 1,884 shares of the industrial products company’s stock worth $41,000 after buying an additional 1,674 shares during the period. Finally, Towerview LLC grew its position in shares of Hollysys Automation Technologies by 50.0% in the 1st quarter. Towerview LLC now owns 15,000 shares of the industrial products company’s stock worth $384,000 after buying an additional 5,000 shares during the period. 78.67% of the stock is currently owned by institutional investors.

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.