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

Several brokerages recently commented on HOLI. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 4th. Nomura Holdings Inc. upgraded shares of Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and cut their price target for the company from $16.35 to $15.53 in a report on Tuesday, May 24th. Five equities research analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and an average target price of $18.27.

The company has a market cap of $1.04 billion and a price-to-earnings ratio of 10.36. The company has a 50-day moving average price of $17.18 and a 200 day moving average price of $18.68.

Several hedge funds recently made changes to their positions in HOLI. BNP Paribas Arbitrage SA raised its stake in shares of Hollysys Automation Technologies by 0.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 66,306 shares of the company’s stock valued at $1,471,000 after buying an additional 284 shares during the period. Schroder Investment Management Group raised its stake in shares of Hollysys Automation Technologies by 12.0% in the fourth quarter. Schroder Investment Management Group now owns 5,682,249 shares of the company’s stock valued at $126,032,000 after buying an additional 607,732 shares during the period. Connective Capital Management LLC raised its stake 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 period. Todd Asset Management LLC raised its stake 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 period. Finally, Boston Partners raised its stake 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 period.

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