Hensoldt (OTCMKTS:HAGHY) Shares Gap Up – Time to Buy?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares gapped up before the market opened on Thursday . The stock had previously closed at $8.50, but opened at $9.20. Hensoldt shares last traded at $9.02, with a volume of 1,305,170 shares trading hands.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Kepler Capital Markets upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Sunday, March 8th. Finally, Zacks Research upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Three 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 company’s stock. Based on data from MarketBeat.com, Hensoldt currently has a consensus rating of “Buy”.

Hensoldt Stock Down 0.6%

The stock has a fifty day moving average of $11.80 and a two-hundred day moving average of $34.70.

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.