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 report published on Wednesday morning. The firm issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Price Performance

HOLI stock opened at $24.55 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.70 and a current ratio of 2.90. The firm has a market cap of $1.52 billion, a P/E ratio of 18.32 and a beta of 0.53. The firm’s fifty day moving average is $25.41 and its 200 day moving average is $24.38. Hollysys Automation Technologies has a 52 week low of $15.13 and a 52 week high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data 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 return on equity of 7.09% and a net margin of 10.56%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. FourWorld Capital Management LLC bought a new stake in Hollysys Automation Technologies in the 4th quarter worth $26,000. Blue Trust Inc. increased its holdings in 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 valued at $28,000 after purchasing an additional 918 shares during the period. Wolverine Asset Management LLC bought a new position in Hollysys Automation Technologies during the 4th quarter valued at approximately $190,000. Cantor Fitzgerald L. P. purchased a new stake in Hollysys Automation Technologies in the 4th quarter worth approximately $232,000. Finally, Lester Murray Antman dba SimplyRich bought a new stake in shares of Hollysys Automation Technologies in the 4th quarter worth approximately $259,000. 78.67% of the stock is owned by hedge funds and other institutional investors.

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.