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

StockNews.com initiated coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI) in a research note released on Thursday morning. The firm issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Price Performance

Shares of Hollysys Automation Technologies stock opened at $21.64 on Thursday. Hollysys Automation Technologies has a one year low of $16.25 and a one year high of $27.25. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.02. The stock has a market cap of $1.34 billion, a P/E ratio of 17.88 and a beta of 0.47. The stock’s fifty day moving average is $22.54 and its 200 day moving average is $24.58.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its 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 for the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%.

Institutional Investors Weigh In On Hollysys Automation Technologies

Institutional investors have recently bought and sold shares of the business. Norges Bank bought a new stake in Hollysys Automation Technologies during the 4th quarter valued at approximately $122,412,000. PSquared Asset Management AG purchased a new position in Hollysys Automation Technologies during the fourth quarter valued at $64,520,000. Alpine Associates Management Inc. bought a new stake in Hollysys Automation Technologies in the 4th quarter valued at $39,238,000. Goldman Sachs Group Inc. lifted its stake 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 worth $29,568,000 after purchasing an additional 894,022 shares in the last quarter. Finally, Glazer Capital LLC bought a new position in shares of Hollysys Automation Technologies during the 4th 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.