Hollysys Automation Technologies (NASDAQ:HOLI) Research Coverage Started at StockNews.com

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

Hollysys Automation Technologies Price Performance

Shares of HOLI opened at $26.41 on Friday. 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 company has a 50 day moving average price of $23.15 and a 200-day moving average price of $24.51. Hollysys Automation Technologies has a fifty-two week low of $16.25 and a fifty-two week high of $27.25. The stock has a market capitalization of $1.64 billion, a PE ratio of 21.83 and a beta of 0.46.

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

Hedge Funds Weigh In On Hollysys Automation Technologies

Large investors have recently added to or reduced their stakes in the company. Truist Financial Corp grew its position in shares of Hollysys Automation Technologies by 2.0% in the 4th quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock worth $583,000 after buying an additional 434 shares during the last quarter. Lester Murray Antman dba SimplyRich grew its holdings in Hollysys Automation Technologies by 6.9% in the first quarter. Lester Murray Antman dba SimplyRich now owns 10,500 shares of the industrial products company’s stock worth $269,000 after purchasing an additional 681 shares during the last quarter. Blue Trust Inc. grew its holdings in Hollysys Automation Technologies by 665.2% in the fourth quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 918 shares during the last quarter. FourWorld Capital Management LLC acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter worth $26,000. Finally, Towerview LLC lifted its holdings in shares of Hollysys Automation Technologies by 50.0% during the 1st quarter. Towerview LLC now owns 15,000 shares of the industrial products company’s stock valued at $384,000 after purchasing an additional 5,000 shares during the last quarter. 78.67% of the stock is currently owned by institutional investors.

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.