Hollysys Automation Stock Gaps Up On Today's Open (HOLI)

NEW YORK ( TheStreet) -- Shares of Hollysys Automation Technologies (Nasdaq: HOLI) were gapping up Wednesday morning with an open price 10% higher than Tuesday's closing price. The stock closed at $8.57 Tuesday and opened today's trading at $9.43.

The average volume for Hollysys Automation has been 292,500 shares per day over the past 30 days. Hollysys Automation has a market cap of $476.3 million and is part of the industrial goods sector and industrial industry. Shares are up 3% year to date as of the close of trading on Tuesday.

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 9.6, below the average industrial industry P/E ratio of 11.4 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Hollysys Automation as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Hollysys Automation Ratings Report.

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