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

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) gapped up prior to trading on Wednesday . The stock had previously closed at $8.3050, but opened at $8.8999. Hensoldt shares last traded at $8.8999, with a volume of 230 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HAGHY shares. Kepler Capital Markets upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Zacks Research downgraded shares of Hensoldt from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Finally, Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Hensoldt presently has an average rating of “Moderate Buy”.

Hensoldt Price Performance

The firm’s 50 day simple moving average is $38.59 and its 200-day simple moving average is $46.70.

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.