Harmonic Drive Systems (OTCMKTS:HSYDF) Stock Price Down 3% – Here’s What Happened

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

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft raised shares of Harmonic Drive Systems to a “buy” rating in a report on Wednesday. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy”.

Harmonic Drive Systems Stock Down 3.0%

The stock has a fifty day moving average of $24.14 and a 200-day moving average of $20.72.

About Harmonic Drive Systems

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.