StockNews.com initiated coverage on shares of Hollysys Automation Technologies (NASDAQ:HOLI – Free Report) in a report published on Tuesday morning. The firm issued a buy rating on the industrial products company’s stock.
Hollysys Automation Technologies Stock Performance
Shares of HOLI remained flat at $26.42 during midday trading on Tuesday. 224 shares of the stock were exchanged, compared to its average volume of 642,693. The company’s 50 day simple moving average is $24.21 and its 200 day simple moving average is $24.56. Hollysys Automation Technologies has a 52 week low of $16.25 and a 52 week high of $27.25. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 21.83 and a beta of 0.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 2.80 and a current ratio of 3.02.
Hollysys Automation Technologies (NASDAQ:HOLI – Get Free Report) last announced its quarterly earnings data on Thursday, May 16th. The industrial products company reported $0.07 EPS for the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%. The company had revenue of $173.47 million during the quarter.
Institutional Inflows and Outflows
Hollysys Automation Technologies Company Profile
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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