Hensoldt (OTCMKTS:HAGHY) Shares Gap Up – Time to Buy?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s share price gapped up before the market opened on Monday . The stock had previously closed at $8.83, but opened at $9.20. Hensoldt shares last traded at $9.20, with a volume of 206 shares traded.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on HAGHY. Kepler Capital Markets raised Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Zacks Research cut Hensoldt from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Finally, Jefferies Financial Group raised Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Hensoldt Trading Down 2.3%

The business has a fifty day moving average price of $18.54 and a 200 day moving average price of $37.58.

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.