StockNews.com Initiates Coverage on Hollysys Automation Technologies (NASDAQ:HOLI)

StockNews.com assumed coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLIFree Report) in a research report released on Sunday. The brokerage issued a buy rating on the industrial products company’s stock.

Hollysys Automation Technologies Stock Down 0.2 %

Shares of NASDAQ HOLI opened at $25.70 on Friday. The business has a 50-day simple moving average of $25.57 and a two-hundred day simple moving average of $23.72. Hollysys Automation Technologies has a 52 week low of $15.13 and a 52 week high of $27.25. The company has a market cap of $1.59 billion, a P/E ratio of 19.18 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 (NASDAQ:HOLIGet Free Report) last released its quarterly earnings data on Thursday, March 7th. The industrial products company reported $0.23 EPS for the quarter. The company had revenue of $223.72 million during the quarter. Hollysys Automation Technologies had a net margin of 10.56% and a return on equity of 7.09%.

Institutional Investors Weigh In On Hollysys Automation Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in Hollysys Automation Technologies during the fourth quarter worth about $122,412,000. PSquared Asset Management AG purchased a new position in shares of Hollysys Automation Technologies during the fourth quarter worth about $64,520,000. Vanguard Group Inc. increased its position in shares of Hollysys Automation Technologies by 1.5% in the third quarter. Vanguard Group Inc. now owns 2,299,485 shares of the industrial products company’s stock worth $45,622,000 after purchasing an additional 32,999 shares during the last quarter. Alpine Associates Management Inc. purchased a new stake in Hollysys Automation Technologies in the fourth quarter valued at approximately $39,238,000. Finally, Goldman Sachs Group Inc. raised its stake in Hollysys Automation Technologies by 392.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,122,107 shares of the industrial products company’s stock valued at $29,568,000 after purchasing an additional 894,022 shares in the last quarter. Hedge funds and other institutional investors own 78.67% of the company’s stock.

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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