Hollysys Automation Technologies Ltd. (NASDAQ:HOLI – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $21.64, but opened at $25.76. Hollysys Automation Technologies shares last traded at $25.34, with a volume of 1,409,454 shares traded.
Analyst Ratings Changes
Separately, StockNews.com initiated coverage on shares of Hollysys Automation Technologies in a research report on Thursday. They issued a “buy” rating on the stock.
Read Our Latest Report on HOLI
Hollysys Automation Technologies Trading Up 17.3 %
Hollysys Automation Technologies (NASDAQ:HOLI – Get Free Report) last announced its quarterly earnings results on Thursday, May 16th. The industrial products company reported $0.07 EPS for the quarter. The company had revenue of $173.47 million during the quarter. Hollysys Automation Technologies had a return on equity of 6.39% and a net margin of 9.52%.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Norges Bank acquired a new stake in shares of Hollysys Automation Technologies in the fourth quarter worth $122,412,000. PSquared Asset Management AG purchased a new position in Hollysys Automation Technologies in the fourth quarter valued at about $64,520,000. Alpine Associates Management Inc. acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter worth about $39,238,000. Goldman Sachs Group Inc. grew its stake in shares of Hollysys Automation Technologies by 392.0% in 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 buying an additional 894,022 shares in the last quarter. Finally, Glazer Capital LLC acquired a new stake in shares of Hollysys Automation Technologies in the fourth quarter valued at about $22,211,000. 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.
Read More
- Five stocks we like better than Hollysys Automation Technologies
- What Percentage Gainers Tell Investors and Why They Don’t Tell the Whole Story
- Eli Lilly Stock Up: GLP-1 Zepbound Targets Sleep Apnea Market
- Insider Trades May Not Tell You What You Think
- Applied Digital Boosts Stock with Cutting-Edge AI Data Centers
- Using the MarketBeat Dividend Yield Calculator
- Chewy Stock Surges on Roaring Kitty’s Disclosure of Major Stake
Receive News & Ratings for Hollysys Automation Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies and related companies with MarketBeat.com's FREE daily email newsletter.