Hensoldt (OTCMKTS:HAGHY) Shares Gap Up – Still a Buy?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.00, but opened at $8.61. Hensoldt shares last traded at $8.6950, with a volume of 5,407 shares trading hands.

Analyst Upgrades and Downgrades

HAGHY has been the topic of a number of research analyst reports. Jefferies Financial Group raised Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Zacks Research raised Hensoldt from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Finally, Kepler Capital Markets upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Three equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy”.

Hensoldt Trading Up 10.1%

The stock’s 50-day moving average is $8.87 and its 200-day moving average is $25.90.

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.