Hensoldt (OTCMKTS:HAGHY) Shares Down 8.1% – Time to Sell?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s stock price dropped 8.1% during trading on Monday . The company traded as low as $8.50 and last traded at $8.50. Approximately 4,721 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 156,611 shares. The stock had previously closed at $9.25.

Wall Street Analysts Forecast Growth

HAGHY has been the subject of a number of research analyst reports. Zacks Research raised shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Jefferies Financial Group raised Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Finally, Kepler Capital Markets raised Hensoldt from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. 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 company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy”.

Hensoldt Stock Down 4.2%

The company has a fifty day moving average of $9.26 and a 200 day moving average of $28.89.

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.