Hollysys Automation Technologies (NASDAQ:HOLI) Sees Unusually-High Trading Volume

Hollysys Automation Technologies Ltd. (NASDAQ:HOLIGet Rating) saw an uptick in trading volume on Monday . 11,329 shares changed hands during trading, a decline of 97% from the previous session’s volume of 432,610 shares.The stock last traded at $18.85 and had previously closed at $18.85.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a report on Tuesday, July 19th.

Hollysys Automation Technologies Stock Performance

The business’s fifty day moving average price is $16.68 and its 200-day moving average price is $15.85. The stock has a market cap of $1.17 billion, a PE ratio of 12.97 and a beta of 0.74.

Institutional Trading of Hollysys Automation Technologies

A number of institutional investors have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hollysys Automation Technologies by 4.2% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,845 shares of the industrial products company’s stock valued at $323,000 after acquiring an additional 889 shares during the last quarter. Investors Research Corp lifted its stake in shares of Hollysys Automation Technologies by 10.9% in the 1st quarter. Investors Research Corp now owns 17,250 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 1,700 shares during the period. Guggenheim Capital LLC lifted its stake in shares of Hollysys Automation Technologies by 4.5% in the 1st quarter. Guggenheim Capital LLC now owns 40,325 shares of the industrial products company’s stock worth $644,000 after purchasing an additional 1,740 shares during the period. Quantbot Technologies LP lifted its stake in shares of Hollysys Automation Technologies by 46.6% in the 2nd quarter. Quantbot Technologies LP now owns 8,090 shares of the industrial products company’s stock worth $119,000 after purchasing an additional 2,572 shares during the period. Finally, DGS Capital Management LLC lifted its stake in shares of Hollysys Automation Technologies by 18.1% in the 2nd quarter. DGS Capital Management LLC now owns 18,489 shares of the industrial products company’s stock worth $274,000 after purchasing an additional 2,835 shares during the period. Hedge funds and other institutional investors own 64.33% of the company’s stock.

About Hollysys Automation Technologies

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Hollysys Automation Technologies Ltd. provides automation solutions in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising simulation training system, HolliAS asset management system, advanced process control, and manufacturing execution system, as well as HOLLiAS MACS-N DCS, a proprietary nuclear power non-safety automation and control system.

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