Hollysys Leads Most Actives (HOLI)

Posted in pre-market 
November 19th, 2009

Hollysys Automation Technologies Ltd. (Nasdaq: HOLI) is getting clipped hard on news after it announced that it will supply its high-speed railway on-ground control product Train Control Centers for the Chengdu-Guanxian High-Speed Railway project. This is pursuant to a contract signed with China Railway Electrification Bureau Co., Ltd. valued at RMB 27.7 million ($4 millionUS Dollars) and is the follow-on high-speed railway contract win in China’s Southwest region, in addition to the Dacheng high-speed railway project completed in June, 2009.

At 8:29 AM EST we have shares down 10.1% at $10.25, and it is the most active stock on 1.54 million shares.  The 52-week range is $2.00 to $12.05 and the average volume is 250,000 shares.

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