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

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $9.68, but opened at $9.15. Hensoldt shares last traded at $9.1250, with a volume of 27,520 shares traded.

Wall Street Analysts Forecast Growth

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

Hensoldt Stock Performance

The company’s 50-day moving average is $32.58 and its 200 day moving average is $44.30.

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.