Hensoldt (OTCMKTS:HAGHY) Shares Up 5.8% – Here’s Why

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s share price traded up 5.8% on Friday. The company traded as high as $9.97 and last traded at $9.82. 4,804 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 146,765 shares. The stock had previously closed at $9.28.

Wall Street Analyst Weigh In

HAGHY has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Jefferies Financial Group upgraded Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Monday, October 5th. Three investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Hensoldt Price Performance

The stock’s 50-day moving average is $9.43 and its 200 day moving average is $9.15.

Hensoldt Company Profile

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electro-optical and infrared sensors, electronic warfare equipment, avionics, and integrated command-and-control and data-fusion technologies.

The company’s products are used for air defense, surveillance, reconnaissance, situational awareness, and the protection of military platforms and personnel. HENSOLDT serves armed forces, government agencies, and defense contractors, with Germany and other European markets forming an important part of its customer base alongside international defense markets.

HENSOLDT was established in 2017 through the separation of Airbus Defence and Space’s electronics activities, building on longstanding German defense-electronics operations.