Hollysys Automation Technologies (NASDAQ:HOLI) Sees Strong Trading Volume

Shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) saw unusually-strong trading volume on Tuesday . Approximately 277,666 shares were traded during trading, a decline of 51% from the previous session’s volume of 566,671 shares.The stock last traded at $25.41 and had previously closed at $25.45.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Hollysys Automation Technologies in a research note on Thursday, June 27th. They set a “buy” rating on the stock.

Hollysys Automation Technologies Stock Performance

The firm has a market capitalization of $1.55 billion, a P/E ratio of 20.64 and a beta of 0.46. The company’s 50 day moving average is $22.57 and its 200-day moving average is $24.56. The company has a quick ratio of 2.80, a current ratio of 3.02 and a debt-to-equity ratio of 0.04.

Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Thursday, May 16th. The industrial products company reported $0.07 earnings per share (EPS) for the quarter. Hollysys Automation Technologies had a net margin of 9.52% and a return on equity of 6.39%. The business had revenue of $173.47 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HOLI. Norges Bank acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at about $122,412,000. PSquared Asset Management AG acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at about $64,520,000. Alpine Associates Management Inc. acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at about $39,238,000. Goldman Sachs Group Inc. grew its holdings in shares of Hollysys Automation Technologies by 392.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,122,107 shares of the industrial products company’s stock valued at $29,568,000 after buying an additional 894,022 shares during the last quarter. Finally, Glazer Capital LLC acquired a new position in shares of Hollysys Automation Technologies during the fourth quarter valued at about $22,211,000. 78.67% of the stock is currently owned by institutional investors and hedge funds.

Hollysys Automation Technologies Company Profile

Hollysys Automation Technologies Ltd. provides automation control system 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.