Streetbeat News

HSYDF

Harmonic Drive Systems Inc

http://www.hds.co.jp/

Industry

Iron and Steel Forging

Open

18.05

Mkt cap

1.8B

Volume

100

High

18.50

P/E Ratio

-10.82

52-wk high

33.75

Low

18.05

Div yield

0.01

52-wk low

18.02

Toyota Motor Corporation (NYSE:TM) is selling its entire stake in Harmonic Drive Systems, Inc. (OTC:HSYDF), consisting of 4.38 million shares valued at approximately $123 million. This decision is part of Toyota's strategy to streamline its holdings and focus on electrification efforts. Harmonic Drive Systems plans to buy back up to 700,000 shares to mitigate the impact on shareholders. TM's stock price rose by 1.87% to $191.50 following the news.

Portfolio Pulse from Akanksha Bakshi

December 06, 2023 | 4:42 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.