Harmonic Drive Systems (OTCMKTS:HSYDF) Trading Down 3% – Here’s Why

Harmonic Drive Systems Inc. (OTCMKTS:HSYDF) was down 3% during mid-day trading on Friday . The company traded as low as $25.00 and last traded at $25.00. Approximately 400 shares changed hands during mid-day trading, a decline of 65% from the average daily volume of 1,150 shares. The stock had previously closed at $25.76.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft raised shares of Harmonic Drive Systems to a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Harmonic Drive Systems Price Performance

The firm’s 50 day moving average price is $24.14 and its two-hundred day moving average price is $20.70.

Harmonic Drive Systems Company Profile

Harmonic Drive Systems Inc produces and sells precision control equipment and components worldwide. It offers speed reducers, rotary actuators, linear actuators, AC servo motors, and other mechatronics products, as well as otors, sensors, drivers, controllers, and other system elements. The company also provides HarmonicDrive, a speed reducer for space; high-precision planetary speed reducers under the AccuDrive and Harmonic Planetary brands; and high-performance gear heads for servo motors series.