Hensoldt (OTCMKTS:HNSDF) Shares Down 12.9% – Time to Sell?

Hensoldt AG (OTCMKTS:HNSDF) dropped 12.9% during mid-day trading on Tuesday. The company traded as low as C$89.52 and last traded at C$89.52. Approximately 202 shares traded hands during mid-day trading, a decline of 85% from the average session volume of 1,305 shares. The stock had previously closed at C$102.74.

Analyst Ratings Changes

HNSDF has been the topic of a number of recent analyst reports. The Goldman Sachs Group initiated coverage on Hensoldt in a report on Tuesday. They set a “neutral” rating on the stock. Jefferies Financial Group upgraded Hensoldt to a “buy” rating in a research report on Monday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Hensoldt Stock Performance

The firm’s 50 day moving average is C$101.76 and its 200 day moving average is C$93.33.

Institutional Investors Weigh In On Hensoldt

A hedge fund recently bought a new stake in Hensoldt stock. Azimuth Capital Investment Management LLC purchased a new stake in Hensoldt AG (OTCMKTS:HNSDF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 507,930 shares of the company’s stock, valued at approximately $3,935,000.

Hensoldt Company Profile

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its product portfolio includes radar systems, optronic and electro-optical equipment, electronic warfare systems, avionics, and mission-management technologies designed to support surveillance, reconnaissance, air defense, and situational awareness.

The company serves armed forces, government agencies, and defense contractors in Germany and other international markets.