Traders Purchase High Volume of Hollysys Automation Technologies Put Options (NASDAQ:HOLI)

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was the recipient of unusually large options trading on Monday. Stock traders purchased 2,436 put options on the stock. This represents an increase of 878% compared to the typical volume of 249 put options.

Institutional Trading of Hollysys Automation Technologies

A number of hedge funds and other institutional investors have recently made changes to their positions in HOLI. FourWorld Capital Management LLC bought a new position in Hollysys Automation Technologies in the fourth quarter valued at about $26,000. Blue Trust Inc. boosted its holdings in Hollysys Automation Technologies by 665.2% in 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 last quarter. Wolverine Asset Management LLC bought a new position in Hollysys Automation Technologies in the fourth quarter valued at about $190,000. Cantor Fitzgerald L. P. bought a new position in Hollysys Automation Technologies in the fourth quarter valued at about $232,000. Finally, Lester Murray Antman dba SimplyRich bought a new position in Hollysys Automation Technologies in the fourth quarter valued at about $259,000. 78.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Hollysys Automation Technologies in a research note on Wednesday, June 19th. They set a “buy” rating for the company.

Hollysys Automation Technologies Stock Performance

Hollysys Automation Technologies stock opened at $21.63 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. The stock has a fifty day moving average price of $22.72 and a two-hundred day moving average price of $24.65. Hollysys Automation Technologies has a 52-week low of $16.25 and a 52-week high of $27.25. The firm has a market capitalization of $1.34 billion, a P/E ratio of 17.88 and a beta of 0.47.

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

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.