Hollysys Automation Technologies (NASDAQ:HOLI) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com started coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI – Get Rating) in a report released on Thursday morning. The firm issued a strong-buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Performance

Shares of NASDAQ:HOLI traded up $0.04 during trading on Thursday, hitting $16.89. 117,267 shares of the stock traded hands, compared to its average volume of 134,551. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 9.60 and a beta of 0.65. The company has a fifty day moving average price of $18.31 and a two-hundred day moving average price of $17.58. The company has a quick ratio of 2.83, a current ratio of 3.06 and a debt-to-equity ratio of 0.02. Hollysys Automation Technologies has a 52-week low of $13.70 and a 52-week high of $20.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC purchased a new stake in Hollysys Automation Technologies during the fourth quarter worth about $27,000. Freemont Management S.A. purchased a new position in Hollysys Automation Technologies in the third quarter valued at approximately $78,000. Quantbot Technologies LP purchased a new position in Hollysys Automation Technologies in the first quarter valued at approximately $88,000. Asset Management One Co. Ltd. purchased a new position in Hollysys Automation Technologies in the fourth quarter valued at approximately $107,000. Finally, Fox Run Management L.L.C. purchased a new position in Hollysys Automation Technologies in the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 64.49% of the company’s stock.

Hollysys Automation Technologies Company Profile

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HollySys Automation Technologies Ltd. is a holding company, which engages in the provision of automation control system solutions. It operates through the following segments: Industrial Automation, Rail Transportation and Mechanical and Electrical Solution. The Industrial Automation segment consists of third-party hardware-centric products such as instrumentation and actuators; its proprietary software-centric distributed control systems and programmable logic controller; and valued-added software packages.