Hensoldt (OTCMKTS:HAGHY) Shares Gap Down – Here’s Why

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares gapped down prior to trading on Friday . The stock had previously closed at $9.25, but opened at $8.75. Hensoldt shares last traded at $8.63, with a volume of 45,265 shares changing hands.

Wall Street Analysts Forecast Growth

HAGHY has been the subject of a number of recent analyst reports. 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 raised shares of Hensoldt from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Hensoldt Stock Performance

The business’s 50 day moving average price is $9.28 and its 200 day moving average price is $29.10.

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.