Hensoldt (OTCMKTS:HAGHY) Shares Gap Up – Still a Buy?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $9.01, but opened at $9.5375. Hensoldt shares last traded at $9.52, with a volume of 1,683 shares.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Hensoldt Price Performance

The stock has a 50 day moving average of $8.83 and a two-hundred day moving average of $21.50.

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.