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 note released on Thursday morning. The firm issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Trading Down 0.1 %

Shares of NASDAQ:HOLI opened at $21.64 on Thursday. The stock has a 50 day moving average of $22.54 and a 200 day moving average of $24.57. The company has a market cap of $1.34 billion, a PE ratio of 17.88 and a beta of 0.47. Hollysys Automation Technologies has a 12-month low of $16.25 and a 12-month high of $27.25. The company has a current ratio of 3.02, a quick ratio of 2.80 and a debt-to-equity ratio of 0.04.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Thursday, May 16th. The industrial products company reported $0.07 earnings per share for the quarter. The business had revenue of $173.47 million during the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%.

Institutional Trading of Hollysys Automation Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bluefin Capital Management LLC raised its position in shares of Hollysys Automation Technologies by 400.0% during the first quarter. Bluefin Capital Management LLC now owns 50,000 shares of the industrial products company’s stock valued at $1,279,000 after buying an additional 40,000 shares during the last quarter. FourWorld Capital Management LLC lifted its stake in Hollysys Automation Technologies by 49,000.0% in the 1st quarter. FourWorld Capital Management LLC now owns 491,000 shares of the industrial products company’s stock worth $12,560,000 after purchasing an additional 490,000 shares in the last quarter. Blackstone Inc. lifted its stake in Hollysys Automation Technologies by 50.0% in the 1st quarter. Blackstone Inc. now owns 150,000 shares of the industrial products company’s stock worth $3,837,000 after purchasing an additional 50,000 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Hollysys Automation Technologies during the 1st quarter valued at about $3,411,000. Finally, Gabelli Funds LLC purchased a new position in shares of Hollysys Automation Technologies during the first quarter valued at about $3,635,000. 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.