Zacks Investment Research downgraded Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to Hold in a report released today.
- Updated: October 17, 2016
Yesterday Hollysys Automation Technologies Ltd (NASDAQ:HOLI) traded -4.06% lower at $20.58. The company’s 50-day moving average is $21.80 and its 200-day moving average is $19.58. The last closing price is up 5.10% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 137,865 shares of the stock were exchanged, down from an average trading volume of 249,974
Zacks Investment Research has downgraded Hollysys Automation Technologies Ltd (NASDAQ:HOLI) to Hold in a report released on 10/17/2016.
Previously on 8/17/2016, Zacks Investment Research reported on Hollysys Automation Technologies Ltd (NASDAQ:HOLI) raised the target price from $0.00 to $24.00. At the time, this indicated a possible upside of 0.15%.
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Hollysys Automation Technologies Ltd has a 52 week low of $15.00 and a 52 week high of $23.55 with a P/E ratio of 10.47 The company’s market cap is currently $0.
In addition to Zacks Investment Research reporting its target price, a total of 8 brokers have issued a report on the stock. The consensus target price is $22.46 with 2 brokers rating the stock a strong buy, 2 brokers rating the stock a buy, 3 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About Hollysys Automation Technologies Ltd (NASDAQ:HOLI)
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company's segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products. It serves customers in the industrial, railway, subway, nuclear power, and mechanical and electronic industries in China, Southeast Asia, India, Europe and the Middle East.
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