Shares of Harmonic Drive Systems Inc. (OTCMKTS:HSYDF – Get Free Report) were down 11.4% on Thursday. The stock traded as low as $30.00 and last traded at $30.60. 9,134 shares were traded during trading, an increase of 139% from the average daily volume of 3,819 shares. The stock had previously closed at $34.5350.
Harmonic Drive Systems Trading Up 2.0%
The company has a 50 day moving average of $37.76 and a 200-day moving average of $39.82.
About Harmonic Drive Systems
Harmonic Drive Systems Inc is a Japanese manufacturer of precision motion-control components and systems. The company is best known for its strain-wave gearing technology, marketed under the HarmonicDrive brand, which provides high-precision speed reduction, torque transmission and positioning in a compact design.
Its products include precision reducers, gearheads, servo actuators and related motion-control solutions. These products are used in industrial robots, factory-automation equipment, semiconductor and electronics manufacturing machinery, medical devices, aerospace systems and other applications that require accurate, repeatable movement.
Founded in Japan in 1970, Harmonic Drive Systems serves customers through operations and distribution networks in Japan and international markets, including North America, Europe and Asia.
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