Hollysys Automation Technologies (NASDAQ:HOLI) Research Coverage Started at StockNews.com

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

Hollysys Automation Technologies Stock Performance

Shares of HOLI stock opened at $24.55 on Wednesday. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 18.32 and a beta of 0.53. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.90 and a quick ratio of 2.70. The business has a fifty day moving average of $25.41 and a 200 day moving average of $24.40. Hollysys Automation Technologies has a 1 year low of $15.13 and a 1 year high of $27.25.

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. The company had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%.

Hedge Funds Weigh In On Hollysys Automation Technologies

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd raised its stake in Hollysys Automation Technologies by 164.3% in the 3rd quarter. Qube Research & Technologies Ltd now owns 310,154 shares of the industrial products company’s stock worth $6,153,000 after acquiring an additional 192,785 shares during the last quarter. Blue Trust Inc. grew its position 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 worth $28,000 after purchasing an additional 918 shares during the period. Vanguard Group Inc. grew its position in Hollysys Automation Technologies by 1.5% during the 3rd quarter. Vanguard Group Inc. now owns 2,299,485 shares of the industrial products company’s stock worth $45,622,000 after purchasing an additional 32,999 shares during the period. Maso Capital Partners Ltd grew its position in Hollysys Automation Technologies by 15.1% during the 3rd quarter. Maso Capital Partners Ltd now owns 1,055,852 shares of the industrial products company’s stock worth $20,948,000 after purchasing an additional 138,259 shares during the period. Finally, California Public Employees Retirement System grew its position in Hollysys Automation Technologies by 2.9% during the 3rd quarter. California Public Employees Retirement System now owns 108,942 shares of the industrial products company’s stock worth $2,161,000 after purchasing an additional 3,028 shares during the period. Hedge funds and other institutional investors own 78.67% of the company’s stock.

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.