Hollysys Automation Technologies (NASDAQ:HOLI) Now Covered by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a note issued to investors on Tuesday. The firm set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Trading Down 1.3 %

HOLI stock opened at $25.05 on Tuesday. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 18.69 and a beta of 0.53. The company has a quick ratio of 2.70, a current ratio of 2.90 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $25.63 and a 200-day simple moving average of $24.18. Hollysys Automation Technologies has a 52 week low of $15.13 and a 52 week high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Thursday, March 7th. The industrial products company reported $0.23 earnings per share (EPS) for the quarter. Hollysys Automation Technologies had a return on equity of 7.09% and a net margin of 10.56%. The firm had revenue of $223.72 million during the quarter.

Institutional Trading of Hollysys Automation Technologies

Several large investors have recently added to or reduced their stakes in the stock. Syquant Capital Sas acquired a new stake in Hollysys Automation Technologies in the 1st quarter valued at $3,298,000. Goldman Sachs Group Inc. increased its holdings in Hollysys Automation Technologies by 392.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,122,107 shares of the industrial products company’s stock valued at $29,568,000 after purchasing an additional 894,022 shares in the last quarter. Price T Rowe Associates Inc. MD acquired a new stake in Hollysys Automation Technologies in the 4th quarter valued at $1,294,000. Bluefin Capital Management LLC acquired a new stake in Hollysys Automation Technologies in the 4th quarter valued at $265,000. Finally, Vident Advisory LLC boosted its position in Hollysys Automation Technologies by 27.9% in the 4th quarter. Vident Advisory LLC now owns 15,665 shares of the industrial products company’s stock valued at $413,000 after buying an additional 3,417 shares during the last quarter. 78.67% of the stock is currently owned by institutional investors and hedge funds.

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.