Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) shares shot up 2% on Thursday . The company traded as high as $17.50 and last traded at $17.29, with a volume of 167,280 shares. The stock had previously closed at $16.95.

A number of brokerages have recently issued reports on HOLI. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Monday. Nomura Holdings Inc. upgraded shares of Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and cut their price target for the stock from $16.35 to $15.53 in a report on Tuesday, May 24th. Five analysts have rated the stock with a hold rating, Hollysys Automation Technologies has an average rating of “Hold” and a consensus target price of $18.27.

The stock has a market capitalization of $1.02 billion and a price-to-earnings ratio of 10.16. The stock has a 50 day moving average price of $17.13 and a 200 day moving average price of $18.71.

A number of hedge funds and institutional investors recently modified their holdings of HOLI. Oxford Asset Management raised its position in shares of Hollysys Automation Technologies by 15.8% in the fourth quarter. Oxford Asset Management now owns 59,132 shares of the company’s stock valued at $1,314,000 after buying an additional 8,066 shares during the last quarter. California Public Employees Retirement System raised its position in shares of Hollysys Automation Technologies by 8.3% in the fourth quarter. California Public Employees Retirement System now owns 358,700 shares of the company’s stock valued at $7,956,000 after buying an additional 27,500 shares during the last quarter. Boston Partners raised its position in shares of Hollysys Automation Technologies by 10.0% in the fourth quarter. Boston Partners now owns 792,303 shares of the company’s stock valued at $17,573,000 after buying an additional 71,961 shares during the last quarter. Todd Asset Management LLC raised its position in shares of Hollysys Automation Technologies by 0.5% in the fourth quarter. Todd Asset Management LLC now owns 670,216 shares of the company’s stock valued at $14,865,000 after buying an additional 3,392 shares during the last quarter. Finally, Connective Capital Management LLC raised its position in shares of Hollysys Automation Technologies by 15.9% in the fourth quarter. Connective Capital Management LLC now owns 73,684 shares of the company’s stock valued at $1,635,000 after buying an additional 10,126 shares during the last quarter.

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