Hensoldt AG (OTCMKTS:HNSDF – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of C$93.72 and traded as high as C$97.64. Hensoldt shares last traded at C$97.64, with a volume of 247 shares changing hands.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on the company. Jefferies Financial Group raised Hensoldt to a “buy” rating in a research note on Monday, October 5th. The Goldman Sachs Group started coverage on Hensoldt in a research note on Tuesday, October 6th. They set a “neutral” rating on the stock. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.
Read Our Latest Research Report on Hensoldt
Hensoldt Price Performance
The firm’s 50-day simple moving average is C$99.39 and its 200-day simple moving average is C$93.68.
Institutional Trading of Hensoldt
A hedge fund recently bought a new stake in Hensoldt stock. Azimuth Capital Investment Management LLC acquired a new stake in shares of Hensoldt AG (OTCMKTS:HNSDF – Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 507,930 shares of the company’s stock, valued at approximately $3,935,000.
Hensoldt Company Profile
HENSOLDT AG is a Germany-based defense and security technology company that develops and supplies sensor solutions for military and security applications. Its main areas of activity include radar systems, optronic and electro-optical equipment, electronic warfare, avionics, and integrated mission systems.
The company’s products are used for air surveillance, ground-based air defense, reconnaissance, intelligence, and situational awareness. Its portfolio includes ground, airborne, and naval radar technologies; imaging and targeting systems; electronic support and countermeasure solutions; and software designed to combine information from multiple sensors.
HENSOLDT was established in 2017 following the combination of defense electronics businesses formerly associated with Airbus.
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