Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Chinese automation and control technologist Hollysys Automation Technologies
So what: Roth Capital just upgraded Hollysys to a buy, but I can't find any public information on price targets or the reasoning behind the move. Still, an upgrade is an upgrade, and that's often market-moving news without any further elaboration.
Now what: Last time I reported on Hollysys, the stock was plunging despite a positive earnings report. Today's move goes a long way toward restoring the stock to its earlier glory. In response to my previous article, an enthusiastic reader commented that the company will pose a large threat to the Chinese plans of industrial giants Rockwell Automation
Interested in more info on Hollysys Automation Technologies? Add it to your watchlist.
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