Hensoldt (OTCMKTS:HAGHY) Shares Gap Up After Analyst Upgrade

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) gapped up before the market opened on Monday after Zacks Research upgraded the stock from a strong sell rating to a hold rating. The stock had previously closed at $8.83, but opened at $9.20. Hensoldt shares last traded at $9.20, with a volume of 206 shares trading hands.

Other equities research analysts have also issued research reports about the stock. Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research note on Sunday, March 8th. Kepler Capital Markets raised Hensoldt from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Three research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy”.

Hensoldt Trading Up 3.2%

The company has a fifty day moving average of $16.97 and a 200 day moving average of $36.93.

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.