Hollysys Automation Technologies Sees Unusually Large Options Volume (NASDAQ:HOLI)

Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) saw unusually large options trading on Wednesday. Stock investors bought 1,000 put options on the stock. This represents an increase of approximately 755% compared to the average daily volume of 117 put options.

HOLI has been the topic of several research reports. Zacks Investment Research lowered Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Monday, March 8th. JPMorgan Chase & Co. cut shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $16.10 target price on the stock. in a report on Friday, March 5th.

NASDAQ:HOLI opened at $12.78 on Thursday. The company has a current ratio of 3.35, a quick ratio of 3.20 and a debt-to-equity ratio of 0.02. The stock has a 50 day moving average of $14.07 and a 200-day moving average of $13.36. The firm has a market capitalization of $773.66 million, a PE ratio of 11.02 and a beta of 1.04. Hollysys Automation Technologies has a 52 week low of $9.83 and a 52 week high of $16.31.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Wednesday, March 3rd. The industrial products company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.04. Hollysys Automation Technologies had a return on equity of 7.07% and a net margin of 13.79%. The firm had revenue of $195.33 million during the quarter. As a group, analysts predict that Hollysys Automation Technologies will post 1.98 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Susquehanna International Group LLP lifted its position in Hollysys Automation Technologies by 264.0% in the 4th quarter. Susquehanna International Group LLP now owns 13,205 shares of the industrial products company’s stock valued at $194,000 after purchasing an additional 9,577 shares during the last quarter. swisspartners Ltd. acquired a new stake in shares of Hollysys Automation Technologies in the fourth quarter valued at approximately $1,494,000. Norges Bank bought a new stake in shares of Hollysys Automation Technologies during the fourth quarter valued at approximately $14,055,000. Hsbc Holdings PLC acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter worth approximately $216,000. Finally, Truist Financial Corp boosted its position in shares of Hollysys Automation Technologies by 8.4% during the fourth quarter. Truist Financial Corp now owns 82,370 shares of the industrial products company’s stock worth $1,210,000 after buying an additional 6,350 shares during the period. Institutional investors and hedge funds own 79.39% of the company’s stock.

About Hollysys Automation Technologies

Hollysys Automation Technologies Ltd. provides automation 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 third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.

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