Hensoldt (OTCMKTS:HAGHY) Shares Gap Up – Still a Buy?

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) gapped up before the market opened on Monday . The stock had previously closed at $8.29, but opened at $8.64. Hensoldt shares last traded at $8.60, with a volume of 1,611 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, 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 issued 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 Stock Down 1.3%

The company’s fifty day moving average price is $8.80 and its 200 day moving average price is $23.03.

Hensoldt Company Profile

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.