Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) shares fell 1.8% during mid-day trading on Friday . The company traded as low as $20.83 and last traded at $20.94, with a volume of 53,603 shares trading hands. The stock had previously closed at $21.32.

A number of research firms have issued reports on HOLI. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Monday, July 18th. Deutsche Bank AG began coverage on shares of Hollysys Automation Technologies in a research note on Monday, July 11th. They set a “buy” rating and a $25.80 price objective for the company. Finally, Nomura raised shares of Hollysys Automation Technologies from a “reduce” rating to a “neutral” rating and dropped their price objective for the company from $16.35 to $15.53 in a research note on Tuesday, May 24th. Four equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $21.78.

The stock has a 50 day moving average price of $20.30 and a 200-day moving average price of $19.10. The firm has a market capitalization of $1.25 billion and a PE ratio of 10.67.

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