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

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

Hollysys Automation Technologies Stock Up 0.8 %

Hollysys Automation Technologies stock opened at $21.38 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.02 and a quick ratio of 2.80. Hollysys Automation Technologies has a 1-year low of $16.25 and a 1-year high of $27.25. The company has a market cap of $1.33 billion, a PE ratio of 17.67 and a beta of 0.47. The stock’s 50 day moving average price is $23.00 and its 200 day moving average price is $24.67.

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

Hedge Funds Weigh In On Hollysys Automation Technologies

Hedge funds and other institutional investors have recently bought and sold shares of the company. FourWorld Capital Management LLC acquired a new position in shares of Hollysys Automation Technologies in the fourth quarter worth $26,000. Blue Trust Inc. grew 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 acquiring an additional 918 shares during the period. Wolverine Asset Management LLC purchased a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth about $190,000. Cantor Fitzgerald L. P. purchased a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth about $232,000. Finally, Lester Murray Antman dba SimplyRich purchased a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth about $259,000. 78.67% of the stock is owned by institutional investors and hedge funds.

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.