Increased risk weighs on HARMONIC DRIVE SYS., penalising its rating down to Slightly Negative
The independent financial analyst theScreener just lowered the general evaluation of HARMONIC DRIVE SYS. (JP), active in the Industrial Machinery industry. As regards its fundamental valuation, the title still shows 1 out of 4 possible stars. Its market behaviour, however, has slightly deteriorated and will be qualified as risky moving forward. theScreener considers that these new qualifications justify an overall rating downgrade to Slightly Negative. As of the analysis date November 9, 2021, the closing price was JPY 5,040.00 and its target price was estimated at JPY 4,464.32.Harmonic Drive Systems is mainly engaged in the manufacture and sale of precision actuators and controllers of precision speed reducer equipment that combine motors and sensors, precision positioning devices and systems, as well as precision speed reducer equipment, and the sale of precision planet speed reducer equipment. Through its affiliates, Co. is also engaged in the development, manufacture and sale of harmonic drive products, mechatronics products, cast iron products, electronic devices for marine, industry, as well as information system equipment and hydraulic equipment. Co. provides products under the brand names "HarmonicDrive®," "AccuDrive®" and "Harmonicsyn®."
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