Hollysys Automation Technologies Ltd. (NASDAQ:HOLI) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “

Separately, Deutsche Bank AG began coverage on shares of Hollysys Automation Technologies in a report on Monday, July 11th. They issued a “buy” rating and a $25.80 price target for the company. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Hollysys Automation Technologies has an average rating of “Hold” and an average target price of $21.78.

Analyst Recommendations for Hollysys Automation Technologies (NASDAQ:HOLI)

Shares of Hollysys Automation Technologies (NASDAQ:HOLI) traded down 4.06% on Monday, reaching $20.58. 137,865 shares of the company’s stock were exchanged. The stock’s 50-day moving average price is $21.80 and its 200-day moving average price is $19.58. Hollysys Automation Technologies has a 1-year low of $15.00 and a 1-year high of $23.55. The company has a market capitalization of $1.23 billion, a P/E ratio of 10.47 and a beta of 2.06.

The company also recently announced an annual dividend, which will be paid on Friday, November 11th. Shareholders of record on Wednesday, October 26th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, October 24th.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BNP Paribas Arbitrage SA raised its position in Hollysys Automation Technologies by 984.8% in the third quarter. BNP Paribas Arbitrage SA now owns 6,639 shares of the company’s stock worth $147,000 after buying an additional 6,027 shares during the last quarter. Royal Bank of Canada raised its position in Hollysys Automation Technologies by 3.8% in the second quarter. Royal Bank of Canada now owns 251,843 shares of the company’s stock worth $4,375,000 after buying an additional 9,147 shares during the last quarter. Toronto Dominion Bank purchased a new position in Hollysys Automation Technologies during the second quarter worth about $1,131,000. Pictet Asset Management Ltd. raised its position in Hollysys Automation Technologies by 88.0% in the second quarter. Pictet Asset Management Ltd. now owns 1,134,022 shares of the company’s stock worth $19,267,000 after buying an additional 530,953 shares during the last quarter. Finally, Ativo Capital Management LLC purchased a new position in Hollysys Automation Technologies during the second quarter worth about $562,000. 51.78% of the stock is owned by hedge funds and other institutional investors.

Hollysys Automation Technologies Company Profile

5 Day Chart for NASDAQ:HOLI

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