Hensoldt (OTCMKTS:HAGHY) Shares Down 5.1% – What’s Next?

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) traded down 5.1% on Friday . The stock traded as low as $9.01 and last traded at $9.01. 2,212 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 87,304 shares. The stock had previously closed at $9.49.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Kepler Capital Markets raised shares of Hensoldt from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Zacks Research cut shares of Hensoldt from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Finally, Jefferies Financial Group raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

Hensoldt Trading Down 5.2%

The stock’s 50-day simple moving average is $30.05 and its 200-day simple moving average is $43.50.

About Hensoldt

Hensoldt AG (OTCMKTS: HAGHY) is a Germany-based defense and security electronics company specializing in sensor solutions for military and civilian applications. Formed in 2017 through the spin-off of Airbus Defence and Space’s electronics division, Hensoldt has established itself as a leading provider of radar, optronics, electronic warfare systems, and command-and-control solutions. The company’s product portfolio spans airborne and naval radar systems, electro-optical and infrared (EO/IR) reconnaissance payloads, self-protection suites for aircraft and land vehicles, as well as integrated mission systems for surveillance and reconnaissance platforms.

Headquartered in Taufkirchen, near Munich, Hensoldt serves a global customer base that includes armed forces, governmental agencies, and critical infrastructure operators across Europe, the Americas, Asia-Pacific, and the Middle East.