Hensoldt (OTCMKTS:HAGHY) Shares Down 7.3% – Here’s What Happened

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) traded down 7.3% during mid-day trading on Monday . The company traded as low as $8.25 and last traded at $8.25. 2,572 shares changed hands during trading, a decline of 97% from the average session volume of 78,880 shares. The stock had previously closed at $8.90.

Wall Street Analyst Weigh In

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

Hensoldt Trading Up 2.5%

The company has a fifty day simple moving average of $14.00 and a 200-day simple moving average of $35.58.

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.