Hollysys Automation Technologies Ltd. (HOLI) Sees Large Volume Increase
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) shares saw unusually-high trading volume on Friday . Approximately 221,334 shares traded hands during mid-day 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.
HOLI has been the topic of several recent analyst reports. Deutsche Bank AG initiated coverage on shares of Hollysys Automation Technologies in a report on Monday, July 11th. They issued a “buy” rating and a $25.80 price objective on the stock. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Finally, Nomura raised shares of Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and cut their target price for the stock from $16.35 to $15.53 in a research note on Tuesday, May 24th. Four research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Hollysys Automation Technologies currently has a consensus rating of “Buy” and a consensus target price of $21.78.
The firm has a market cap of $1.23 billion and a PE ratio of 10.47. The firm has a 50 day moving average of $19.90 and a 200 day moving average of $18.99.
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