Hensoldt (OTCMKTS:HAGHY) Hits New 52-Week Low – Here’s Why

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) reached a new 52-week low on Thursday . The company traded as low as $7.3420 and last traded at $7.3420, with a volume of 2832 shares traded. The stock had previously closed at $8.06.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HAGHY. Kepler Capital Markets upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Zacks Research raised shares of Hensoldt from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Jefferies Financial Group raised shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Hensoldt Trading Down 6.7%

The business has a fifty day simple moving average of $9.06 and a 200 day simple moving average of $27.10.

Hensoldt Company Profile

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.