Harmonic Drive Systems (OTCMKTS:HSYDF) Shares Down 7.9% – Here’s Why

Harmonic Drive Systems Inc. (OTCMKTS:HSYDFGet Free Report)’s share price dropped 7.9% during mid-day trading on Friday . The company traded as low as $22.85 and last traded at $22.85. Approximately 100 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 478 shares. The stock had previously closed at $24.80.

Harmonic Drive Systems Price Performance

The company’s fifty day moving average price is $28.69 and its 200 day moving average price is $22.50.

Harmonic Drive Systems Company Profile

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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.

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