Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) saw strong trading volume on Tuesday . 295,878 shares traded hands during trading, a decline of 6% from the previous session’s volume of 315,132 shares.The stock last traded at $18.48 and had previously closed at $17.54.

Several analysts have commented on the stock. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Deutsche Bank AG assumed coverage on shares of Hollysys Automation Technologies in a research report on Monday. They set a “buy” rating and a $25.80 price target for the company. Finally, Nomura Holdings Inc. raised shares of Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and decreased their price target for the company from $16.35 to $15.53 in a research report on Tuesday, May 24th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Hollysys Automation Technologies currently has an average rating of “Hold” and an average target price of $20.78.

The company has a market capitalization of $1.09 billion and a PE ratio of 10.89. The company’s 50-day moving average is $17.26 and its 200 day moving average is $18.59.

A number of institutional investors have recently added to or reduced their stakes in the stock. Oxford Asset Management increased its position in 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 in the last quarter. BNP Paribas Arbitrage SA increased its position in 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 in the last quarter. Connective Capital Management LLC increased its position in 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 in the last quarter. California Public Employees Retirement System increased its position in 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 in the last quarter. Finally, Todd Asset Management LLC increased its position in 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 in the last quarter.

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