Hollysys Automation Technologies Ltd. (HOLI) Shares Down 1.8%
Shares of Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) dropped 1.8% during trading on Friday . The stock traded as low as $20.83 and last traded at $20.94, with a volume of 53,603 shares changing hands. The stock had previously closed at $21.32.
HOLI has been the topic of several analyst 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 target price on the stock. Zacks Investment Research upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research report on Friday, May 27th. Finally, Nomura upgraded Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and lowered their price target for the company from $16.35 to $15.53 in a research report on Tuesday, May 24th. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hollysys Automation Technologies currently has a consensus rating of “Buy” and a consensus target price of $21.78.
The stock’s 50-day moving average is $20.30 and its 200 day moving average is $19.10. The stock has a market cap of $1.25 billion and a P/E ratio of 10.67.
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