Hensoldt (OTCMKTS:HAGHY) Shares Gap Up – Here’s What Happened

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares gapped up prior to trading on Thursday . The stock had previously closed at $9.18, but opened at $10.28. Hensoldt shares last traded at $10.28, with a volume of 2,540 shares trading hands.

Analysts Set New Price Targets

Several brokerages have recently commented on HAGHY. Kepler Capital Markets upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Zacks Research upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group upgraded Hensoldt from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Three investment 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 stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Hensoldt Stock Performance

The company’s 50-day simple moving average is $9.05 and its 200 day simple moving average is $33.14.

Hensoldt Company Profile

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.