Hensoldt (OTCMKTS:HAGHY) Shares Down 7% – Should You Sell?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares dropped 7% during trading on Friday . The company traded as low as $8.35 and last traded at $8.36. 2,164 shares were traded during mid-day trading, a decline of 99% from the average daily volume of 166,162 shares. The stock had previously closed at $8.99.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HAGHY shares. Kepler Capital Markets raised Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Zacks Research upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy”.

Hensoldt Trading Up 0.5%

The firm has a 50-day moving average price of $8.87 and a two-hundred day moving average price of $24.49.

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.