NEW YORK ( TheStreet) -- Shares of Hollysys Automation Technologies (Nasdaq: HOLI) 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 industrial goods sector and industrial 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 hold. 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. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.