Hensoldt (OTCMKTS:HAGHY) Sees Strong Trading Volume – Time to Buy?

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) saw unusually-strong trading volume on Thursday. Approximately 315,506 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 143,136 shares. The stock last traded at $8.70 and had previously closed at $9.14.

Analysts Set New Price Targets

Several research analysts have commented on HAGHY shares. Deutsche Bank reissued a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Jefferies Financial Group raised 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 issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Hensoldt Trading Down 5.0%

The business has a 50-day moving average price of $9.07 and a 200 day moving average price of $15.04.

Hensoldt Company Profile

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.