StockNews.com Initiates Coverage on Hollysys Automation Technologies (NASDAQ:HOLI)

Analysts at StockNews.com initiated coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a research report issued on Friday. The firm set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Performance

NASDAQ HOLI opened at $24.98 on Friday. The stock’s fifty day moving average is $22.58 and its two-hundred day moving average is $24.56. The firm has a market capitalization of $1.55 billion, a P/E ratio of 20.64 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.02. Hollysys Automation Technologies has a fifty-two week low of $16.25 and a fifty-two week high of $27.25.

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

Institutional Investors Weigh In On Hollysys Automation Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Truist Financial Corp raised its position in 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 purchasing an additional 434 shares during the period. Lester Murray Antman dba SimplyRich raised its holdings in shares of Hollysys Automation Technologies by 6.9% in the 1st quarter. Lester Murray Antman dba SimplyRich now owns 10,500 shares of the industrial products company’s stock valued at $269,000 after buying an additional 681 shares during the period. Blue Trust Inc. raised its holdings in shares of Hollysys Automation Technologies by 665.2% in the 4th 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 during the period. FourWorld Capital Management LLC purchased a new stake in shares of Hollysys Automation Technologies in the 4th quarter valued at $26,000. Finally, Towerview LLC raised its holdings in shares of Hollysys Automation Technologies by 50.0% in the 1st quarter. Towerview LLC now owns 15,000 shares of the industrial products company’s stock valued at $384,000 after buying an additional 5,000 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.