Harmonic Drive Systems (OTCMKTS:HSYDF) Shares Up 2.9% – Here’s Why

Harmonic Drive Systems Inc. (OTCMKTS:HSYDFGet Free Report)’s stock price shot up 2.9% during trading on Tuesday . The company traded as high as $17.50 and last traded at $17.50. 570 shares were traded during mid-day trading, an increase of 38% from the average session volume of 414 shares. The stock had previously closed at $17.00.

Harmonic Drive Systems Price Performance

The business has a 50-day moving average of $18.37 and a 200 day moving average of $21.83.

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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