Hollysys Automation Technologies Ltd. (HOLI) Stock Price Up 1.8%
Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) shares rose 1.8% during mid-day trading on Tuesday . The stock traded as high as $21.12 and last traded at $21.06, with a volume of 357,978 shares. The stock had previously closed at $20.68.
HOLI has been the topic of several recent research reports. Deutsche Bank AG initiated coverage on Hollysys Automation Technologies in a research report on Monday, July 11th. They issued a “buy” rating and a $25.80 price target on the stock. Zacks Investment Research upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Monday, July 18th. Finally, Nomura upgraded Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and reduced their price target for the stock from $16.35 to $15.53 in a research report on Tuesday, May 24th. Four analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $21.78.
The firm has a market cap of $1.25 billion and a PE ratio of 10.68. The firm has a 50-day moving average of $19.26 and a 200-day moving average of $18.85.
A hedge fund recently raised its stake in Hollysys Automation Technologies stock. BNP Paribas Arbitrage SA raised its stake in Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) by 0.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,306 shares of the company’s stock after buying an additional 284 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.11% of Hollysys Automation Technologies worth $1,471,000 as of its most recent SEC filing.
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