Hensoldt (OTCMKTS:HNSDF) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

Hensoldt AG (OTCMKTS:HNSDF – Get Free Report) shares passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$93.72 and traded as high as C$97.64. Hensoldt shares last traded at C$97.64, with a volume of 247 shares trading hands.

Analyst Ratings Changes

HNSDF has been the topic of a number of recent analyst reports. The Goldman Sachs Group began coverage on shares of Hensoldt in a research note on Tuesday, October 6th. They set a “neutral” rating on the stock. Jefferies Financial Group raised Hensoldt to a “buy” rating in a research report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Check Out Our Latest Analysis on HNSDF

Hensoldt Stock Performance

The company’s 50-day moving average price is C$99.54 and its two-hundred day moving average price is C$93.72.

Institutional Trading of Hensoldt

A hedge fund recently bought a new position in Hensoldt stock. Azimuth Capital Investment Management LLC acquired a new position in shares of Hensoldt AG (OTCMKTS:HNSDF – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 507,930 shares of the company’s stock, valued at approximately $3,935,000.

Hensoldt Company Profile

(Get Free Report)

HENSOLDT AG is a Germany-based defense and security technology company that develops and supplies sensor solutions for military and security applications. Its main areas of activity include radar systems, optronic and electro-optical equipment, electronic warfare, avionics, and integrated mission systems.

The company’s products are used for air surveillance, ground-based air defense, reconnaissance, intelligence, and situational awareness. Its portfolio includes ground, airborne, and naval radar technologies; imaging and targeting systems; electronic support and countermeasure solutions; and software designed to combine information from multiple sensors.

HENSOLDT was established in 2017 following the combination of defense electronics businesses formerly associated with Airbus.

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