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

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) gapped down prior to trading on Friday . The stock had previously closed at $9.0650, but opened at $8.56. Hensoldt shares last traded at $8.68, with a volume of 1,577 shares traded.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HAGHY. Zacks Research cut Hensoldt from a “hold” rating to a “strong sell” rating in a report on Friday, March 6th. Kepler Capital Markets upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Jefferies Financial Group upgraded Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hensoldt presently has an average rating of “Moderate Buy”.

Hensoldt Price Performance

The stock has a 50 day moving average price of $22.50 and a 200 day moving average price of $39.82.

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.