Hollysys Automation Technologies Ltd. (HOLI) Sees Strong Trading Volume
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) saw strong trading volume on Monday . 205,780 shares were traded during mid-day trading, a decline of 0% from the previous session’s volume of 205,903 shares.The stock last traded at $20.69 and had previously closed at $20.63.
Several equities analysts recently commented on the company. Nomura upgraded Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and dropped their price objective for the company from $16.35 to $15.53 in a research note on Tuesday, May 24th. Zacks Investment Research upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Monday, July 4th. Finally, Deutsche Bank AG began coverage on Hollysys Automation Technologies in a research report on Monday, July 11th. They set a “buy” rating and a $25.80 target price on the stock. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Hollysys Automation Technologies presently has an average rating of “Hold” and an average target price of $20.78.
The company has a market cap of $1.22 billion and a PE ratio of 12.15. The stock has a 50 day moving average of $19.01 and a 200-day moving average of $18.81.
A hedge fund recently raised its stake in Hollysys Automation Technologies stock. BNP Paribas Arbitrage SA boosted its stake in shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,306 shares of the company’s stock after buying an additional 284 shares during the period. BNP Paribas Arbitrage SA owned 0.11% of Hollysys Automation Technologies worth $1,471,000 at the end of the most recent reporting period.
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