Hollysys Automation Technologies (NASDAQ:HOLI) Earns Buy Rating from Analysts at StockNews.com

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

Hollysys Automation Technologies Stock Performance

NASDAQ HOLI opened at $26.42 on Monday. 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’s fifty day simple moving average is $23.53 and its 200-day simple moving average is $24.52. The company has a market capitalization of $1.64 billion, a PE ratio of 21.83 and a beta of 0.46.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Thursday, May 16th. The industrial products company reported $0.07 earnings per share for the quarter. The company 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%.

Institutional Trading of Hollysys Automation Technologies

Institutional investors have recently added to or reduced their stakes in the business. FourWorld Capital Management LLC bought a new position in shares of Hollysys Automation Technologies during the 4th quarter valued at $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. acquired a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth about $232,000. Finally, Lester Murray Antman dba SimplyRich bought a new stake in shares of Hollysys Automation Technologies during the 4th quarter worth about $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.