Hollysys Automation Stock Soars (HOLI)
NEW YORK (
) -- Shares of
Hollysys Automation Technologies
(Nasdaq:
) have taken a tremendous swing upward. The stock is trading at $8.76 as of 3:05 p.m. ET, 21.3% above Wednesday's closing price of $7.22. Volume is at 720,983, three times the daily average of 237,100.
Hollysys Automation has a market cap of $382.1 million and is part of the
sector and
industry. Shares are down 52.4% year to date as of the close of trading on Wednesday.
Hollysys Automation Technologies Ltd. provides automation and control technologies and applications to customers in the industrial, railway, subway, and nuclear industries in China and south-east Asia. The company has a P/E ratio of 8.7, below the average industrial industry P/E ratio of 9.1 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Hollysys Automation as a
TheStreet Recommends
. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and robust revenue growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow. You can view the full
Hollysys Automation Ratings Report
.
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