Hensoldt (OTCMKTS:HAGHY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s stock price crossed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $9.06 and traded as low as $8.65. Hensoldt shares last traded at $8.70, with a volume of 393,488 shares.

Wall Street Analyst Weigh In

HAGHY has been the topic of a number of research reports. Deutsche Bank restated a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Jefferies Financial Group raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Hensoldt Stock Down 4.8%

The firm has a 50 day moving average price of $9.06 and a 200-day moving average price of $14.83.

About Hensoldt

HENSOLDT AG is a German defense and security technology company that develops sensor systems and related electronics for military and civilian customers. Its main areas of activity include radar, optronics, electronic warfare and avionics. The company’s products and services support tasks such as air defense, surveillance, reconnaissance, aircraft navigation and threat detection. HENSOLDT also provides system integration, software and lifecycle support for its equipment. HENSOLDT was established in 2017, bringing together defense electronics businesses formerly owned by Airbus.