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 report released on Wednesday morning. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Price Performance

Shares of HOLI opened at $24.55 on Wednesday. The company has a 50 day moving average of $25.41 and a two-hundred day moving average of $24.38. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 18.32 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. Hollysys Automation Technologies has a twelve month low of $15.13 and a twelve month high of $27.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.23 earnings per share 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.

Hedge Funds Weigh In On Hollysys Automation Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOLI. Caas Capital Management LP purchased a new stake in shares of Hollysys Automation Technologies in the 1st quarter valued at $1,340,000. Syquant Capital Sas purchased a new stake in Hollysys Automation Technologies in the first quarter valued at $3,298,000. Goldman Sachs Group Inc. grew its position in Hollysys Automation Technologies by 392.0% during 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 during the period. FourWorld Capital Management LLC purchased a new position in shares of Hollysys Automation Technologies during the 4th quarter valued at about $26,000. Finally, Glazer Capital LLC acquired a new position in shares of Hollysys Automation Technologies in 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.