NEW YORK (

TheStreet

) --

Hollysys Automation Technologies

(Nasdaq:

HOLI

) hit a new 52-week low Wednesday as it is currently trading at $7.52, below its previous 52-week low of $7.59 with 721,788 shares traded as of 3:21 p.m. ET. Average volume has been 801,900 shares over the past 30 days.

Hollysys Automation has a market cap of $471.4 million and is part of the

industrial goods

sector and

industrial

industry. Shares are down 48.2% year to date as of the close of trading on Tuesday.

Hollysys Automation Technologies Limited provides automation and control technology and applications in the People's Republic of China. The company has a P/E ratio of 11.5, below the average industrial industry P/E ratio of 11.6 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hollysys Automation as a

hold

. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full

Hollysys Automation Ratings Report

.

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