Hollysys Automation Technologies Ltd. (HOLI) Sees Strong Trading Volume
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) shares saw strong trading volume on Friday . 221,334 shares were traded during trading, an increase of 13% from the previous session’s volume of 195,922 shares.The stock last traded at $20.66 and had previously closed at $20.53.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Hollysys Automation Technologies from a “hold” rating to a “strong-buy” rating and set a $24.00 target price for the company in a report on Wednesday, August 17th. Deutsche Bank AG assumed coverage on Hollysys Automation Technologies in a report on Monday, July 11th. They set a “buy” rating and a $25.80 target price for the company. Finally, Nomura raised Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and dropped their target price for the stock from $16.35 to $15.53 in a report on Tuesday, May 24th. Four analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Hollysys Automation Technologies has a consensus rating of “Buy” and a consensus price target of $21.78.
The company’s 50-day moving average price is $19.81 and its 200-day moving average price is $18.97. The company has a market capitalization of $1.23 billion and a price-to-earnings ratio of 10.47.
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