Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) saw strong trading volume on Monday . 227,085 shares traded hands during mid-day trading, an increase of 11% from the previous session’s volume of 204,470 shares.The stock last traded at $21.69 and had previously closed at $21.47.

A number of analysts recently weighed in on the company. Zacks Investment Research upgraded Hollysys Automation Technologies from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, August 17th. Deutsche Bank AG initiated 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. Finally, Nomura upgraded Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and decreased their target price for the stock from $16.35 to $15.53 in a research 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 stock. The stock has an average rating of “Buy” and a consensus price target of $21.78.

The stock’s 50 day moving average is $20.87 and its 200 day moving average is $19.30. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 11.0925 and a beta of 1.86.

Several hedge funds have recently made changes to their positions in the company. Rational Advisors LLC bought a new stake in shares of Hollysys Automation Technologies during the second quarter worth $118,000. JPMorgan Chase & Co. boosted its stake in shares of Hollysys Automation Technologies by 628.3% in the second quarter. JPMorgan Chase & Co. now owns 8,739 shares of the company’s stock worth $152,000 after buying an additional 7,539 shares during the last quarter. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Hollysys Automation Technologies by 11.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 11,460 shares of the company’s stock worth $199,000 after buying an additional 1,175 shares during the last quarter. HBK Investments L P bought a new stake in shares of Hollysys Automation Technologies during the first quarter worth $227,000. Finally, 1st Global Advisors Inc. boosted its stake in shares of Hollysys Automation Technologies by 3.0% in the second quarter. 1st Global Advisors Inc. now owns 13,190 shares of the company’s stock worth $229,000 after buying an additional 386 shares during the last quarter. Institutional investors and hedge funds own 51.95% of the company’s stock.

Hollysys Automation Technologies Company Profile

5 Day Chart for NASDAQ:HOLI

Receive News & Ratings for Hollysys Automation Technologies Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hollysys Automation Technologies Ltd. and related companies with Analyst Ratings Network's FREE daily email newsletter.