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

StockNews.com began coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLIGet Free Report) in a report released on Thursday. The firm set a “buy” rating on the industrial products company’s stock.

Hollysys Automation Technologies Trading Down 1.8 %

HOLI stock opened at $25.40 on Thursday. The company’s 50-day simple moving average is $25.73 and its 200-day simple moving average is $22.92. The company has a quick ratio of 2.78, a current ratio of 3.01 and a debt-to-equity ratio of 0.04. Hollysys Automation Technologies has a 52-week low of $15.13 and a 52-week high of $27.25. The firm has a market cap of $1.57 billion, a P/E ratio of 13.44 and a beta of 0.53.

Institutional Investors Weigh In On Hollysys Automation Technologies

Several hedge funds have recently modified their holdings of the company. Truist Financial Corp boosted its stake in shares of Hollysys Automation Technologies by 2.0% during the 4th quarter. Truist Financial Corp now owns 22,110 shares of the industrial products company’s stock worth $583,000 after acquiring an additional 434 shares in the last quarter. Quilter Plc purchased a new stake in shares of Hollysys Automation Technologies during the 1st quarter worth about $645,450,000. Blue Trust Inc. lifted its stake in Hollysys Automation Technologies by 665.2% in the 4th quarter. Blue Trust Inc. now owns 1,056 shares of the industrial products company’s stock valued at $28,000 after buying an additional 918 shares in the last quarter. FourWorld Capital Management LLC purchased a new position in Hollysys Automation Technologies in the 4th quarter valued at about $26,000. Finally, Stifel Financial Corp lifted its stake in Hollysys Automation Technologies by 7.6% in the 2nd quarter. Stifel Financial Corp now owns 14,688 shares of the industrial products company’s stock valued at $258,000 after buying an additional 1,039 shares in the last quarter. 64.00% of the stock is owned by hedge funds and other institutional investors.

About Hollysys Automation Technologies

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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.

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