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

Stock analysts at StockNews.com began coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Trading Down 0.1 %

HOLI stock opened at $21.64 on Thursday. 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 company has a fifty day moving average price of $22.54 and a two-hundred day moving average price of $24.59. Hollysys Automation Technologies has a one year low of $16.25 and a one year high of $27.25. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 17.88 and a beta of 0.47.

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

Institutional Investors Weigh In On Hollysys Automation Technologies

A number of institutional investors have recently modified their holdings of the business. Truist Financial Corp boosted its position in shares of Hollysys Automation Technologies by 2.0% in the fourth quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock valued at $583,000 after acquiring an additional 434 shares during the period. Lester Murray Antman dba SimplyRich boosted its position in shares of Hollysys Automation Technologies by 6.9% in the first quarter. Lester Murray Antman dba SimplyRich now owns 10,500 shares of the industrial products company’s stock valued at $269,000 after acquiring an additional 681 shares during the period. Blue Trust Inc. boosted its position in shares of 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 period. FourWorld Capital Management LLC bought a new stake in shares of Hollysys Automation Technologies in the fourth quarter valued at about $26,000. Finally, Towerview LLC boosted its position in shares of Hollysys Automation Technologies by 50.0% in the first quarter. Towerview LLC now owns 15,000 shares of the industrial products company’s stock valued at $384,000 after acquiring an additional 5,000 shares during the period. Institutional investors own 78.67% of the company’s stock.

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.