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

Several analysts recently issued reports on HOLI shares. Nomura downgraded shares of Hollysys Automation Technologies from a “neutral” rating to a “reduce” rating and set a $16.35 price objective for the company. in a report on Thursday, April 28th. Zacks Investment Research raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Friday, May 27th. Finally, Deutsche Bank AG started coverage on shares of Hollysys Automation Technologies in a report on Monday, July 11th. They set a “buy” rating and a $25.80 price objective for the company. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Hollysys Automation Technologies currently has a consensus rating of “Hold” and a consensus target price of $20.78.

The company has a market capitalization of $1.16 billion and a PE 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.

A hedge fund recently raised its stake in Hollysys Automation Technologies stock. BNP Paribas Arbitrage SA increased its stake in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 0.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,306 shares of the company’s stock after buying an additional 284 shares during the period. BNP Paribas Arbitrage SA owned 0.11% of Hollysys Automation Technologies worth $1,471,000 as of its most recent filing with the SEC.

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