Hollysys Automation Technologies (NASDAQ:HOLI) Now Covered by StockNews.com

Equities researchers at StockNews.com started coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a report issued on Friday. The firm set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Performance

HOLI stock opened at $23.46 on Friday. The firm has a 50 day simple moving average of $25.05 and a 200 day simple moving average of $24.60. Hollysys Automation Technologies has a 52 week low of $15.13 and a 52 week high of $27.25. The stock has a market cap of $1.45 billion, a P/E ratio of 17.51 and a beta of 0.55. 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:HOLI) last issued its earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. Hollysys Automation Technologies had a net margin of 10.56% and a return on equity of 7.09%. The company had revenue of $223.72 million during the quarter.

Institutional Investors Weigh In On Hollysys Automation Technologies

Several institutional investors have recently made changes to their positions in HOLI. FourWorld Capital Management LLC acquired a new position in shares of Hollysys Automation Technologies during the 4th quarter worth $26,000. Blue Trust Inc. raised its holdings in 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 buying an additional 918 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth about $190,000. Cantor Fitzgerald L. P. bought a new stake in shares of Hollysys Automation Technologies during the 4th quarter worth about $232,000. Finally, Lester Murray Antman dba SimplyRich bought a new position in shares of Hollysys Automation Technologies in the 4th quarter valued at approximately $259,000. 78.67% of the stock is currently owned by institutional investors and hedge funds.

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.