Hensoldt (OTCMKTS:HAGHY) Shares Gap Down – Time to Sell?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) gapped down before the market opened on Thursday . The stock had previously closed at $9.17, but opened at $8.55. Hensoldt shares last traded at $8.5550, with a volume of 5,118 shares.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HAGHY shares. Zacks Research upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Kepler Capital Markets upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Hensoldt presently has a consensus rating of “Buy”.

Hensoldt Stock Down 6.1%

The stock’s fifty day simple moving average is $8.88 and its 200-day simple moving average is $24.74.

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.