StockNews.com Initiates Coverage on Hollysys Automation Technologies (NASDAQ:HOLI)

StockNews.com assumed coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a report issued on Thursday. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Down 0.1 %

Shares of Hollysys Automation Technologies stock opened at $23.63 on Thursday. The company has a 50-day simple moving average of $25.22 and a two-hundred day simple moving average of $24.55. The stock has a market capitalization of $1.46 billion, a PE ratio of 17.63 and a beta of 0.55. Hollysys Automation Technologies has a 52-week low of $15.13 and a 52-week high of $27.25. 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 announced its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. The company had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a net margin of 10.56% and a return on equity of 7.09%.

Institutional Investors Weigh In On Hollysys Automation Technologies

Several institutional investors have recently modified their holdings of the business. FourWorld Capital Management LLC bought a new position in Hollysys Automation Technologies during the 4th quarter valued at about $26,000. Blue Trust Inc. lifted its position 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 purchasing an additional 918 shares during the period. Wolverine Asset Management LLC purchased a new stake in Hollysys Automation Technologies in the fourth quarter worth approximately $190,000. Cantor Fitzgerald L. P. bought a new stake in Hollysys Automation Technologies in the 4th quarter worth approximately $232,000. Finally, Lester Murray Antman dba SimplyRich purchased a new stake in Hollysys Automation Technologies during the 4th quarter valued at $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.