Hollysys Automation Technologies (NASDAQ:HOLI) Receives New Coverage from Analysts at StockNews.com

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

Hollysys Automation Technologies Stock Down 0.1 %

NASDAQ:HOLI traded down $0.02 during trading hours on Thursday, hitting $23.63. 130,082 shares of the stock traded hands, compared to its average volume of 402,077. The firm has a 50 day moving average price of $25.26 and a 200 day moving average price of $24.46. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 17.63 and a beta of 0.55. Hollysys Automation Technologies has a fifty-two week low of $15.13 and a fifty-two week high of $27.25. The company has a current ratio of 2.90, a quick ratio of 2.70 and a debt-to-equity ratio of 0.04.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share for the quarter. The business had revenue of $223.72 million for 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

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank acquired a new stake in Hollysys Automation Technologies during the fourth quarter valued at $122,412,000. PSquared Asset Management AG bought a new stake in shares of Hollysys Automation Technologies in the 4th quarter valued at approximately $64,520,000. Vanguard Group Inc. grew its stake in shares of Hollysys Automation Technologies by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,299,485 shares of the industrial products company’s stock valued at $45,622,000 after buying an additional 32,999 shares in the last quarter. Alpine Associates Management Inc. acquired a new position in Hollysys Automation Technologies in the fourth quarter worth approximately $39,238,000. Finally, Goldman Sachs Group Inc. raised its position in Hollysys Automation Technologies by 392.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,122,107 shares of the industrial products company’s stock valued at $29,568,000 after acquiring an additional 894,022 shares in the last quarter. 78.67% of the stock is currently owned by hedge funds and other institutional investors.

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.