Hollysys Automation Technologies Ltd. (NASDAQ:HOLI)’s share price was down 2.3% during mid-day trading on Friday . The company traded as low as $19.57 and last traded at $19.66, with a volume of 69,942 shares trading hands. The stock had previously closed at $20.12.

A number of equities analysts recently issued reports on HOLI shares. Nomura downgraded Hollysys Automation Technologies from a “neutral” rating to a “reduce” rating and set a $16.35 price target for the company. in a report on Thursday, April 28th. Deutsche Bank AG started coverage on Hollysys Automation Technologies in a report on Monday, July 11th. They issued a “buy” rating and a $25.80 price target for the company. Finally, Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Friday, May 20th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.78.

The stock has a market capitalization of $1.16 billion and a P/E ratio of 11.51. The firm’s 50 day moving average price is $18.14 and its 200 day moving average price is $18.56.

Several institutional investors have recently added to or reduced their stakes in HOLI. BNP Paribas Arbitrage SA increased its position in Hollysys Automation Technologies by 0.4% in the fourth quarter. BNP Paribas Arbitrage SA now owns 66,306 shares of the company’s stock worth $1,471,000 after buying an additional 284 shares during the period. California Public Employees Retirement System increased its stake in shares of Hollysys Automation Technologies by 8.3% in the fourth quarter. California Public Employees Retirement System now owns 358,700 shares of the company’s stock valued at $7,956,000 after buying an additional 27,500 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in shares of Hollysys Automation Technologies by 12.0% in the fourth quarter. Schroder Investment Management Group now owns 5,682,249 shares of the company’s stock valued at $126,032,000 after buying an additional 607,732 shares during the last quarter.

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