Hensoldt (OTCMKTS:HAGHY) Sees Large Volume Increase on Analyst Upgrade

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) saw unusually-strong trading volume on Tuesday after Jefferies Financial Group upgraded the stock from a hold rating to a strong-buy rating. 126,024 shares were traded during mid-day trading, a decline of 15% from the previous session’s volume of 148,692 shares. The stock last traded at $8.95 and had previously closed at $9.30.

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Hensoldt in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Hensoldt currently has a consensus rating of “Buy”.

Hensoldt Price Performance

The firm has a 50-day moving average price of $9.55 and a 200 day moving average price of $9.12.

About Hensoldt

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electro-optical and infrared sensors, electronic warfare equipment, avionics, and integrated command-and-control and data-fusion technologies.

The company’s products are used for air defense, surveillance, reconnaissance, situational awareness, and the protection of military platforms and personnel. HENSOLDT serves armed forces, government agencies, and defense contractors, with Germany and other European markets forming an important part of its customer base alongside international defense markets.

HENSOLDT was established in 2017 through the separation of Airbus Defence and Space’s electronics activities, building on longstanding German defense-electronics operations.