Hensoldt (OTCMKTS:HAGHY) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) saw unusually-high trading volume on Thursday. 315,506 shares changed hands during mid-day trading, an increase of 120% from the average daily volume of 143,136 shares. The stock last traded at $8.70 and had previously closed at $9.14.

Analyst Ratings Changes

Several research firms recently commented on HAGHY. Deutsche Bank reiterated a “buy” rating on shares of Hensoldt in a research report on Thursday, August 13th. Jefferies Financial Group upgraded Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Hensoldt Stock Performance

The business has a 50-day moving average price of $9.07 and a 200-day moving average price of $15.04.

Hensoldt Company Profile

HENSOLDT AG is a German defense and security technology company that develops sensor systems and related electronics for military and civilian customers. Its main areas of activity include radar, optronics, electronic warfare and avionics. The company’s products and services support tasks such as air defense, surveillance, reconnaissance, aircraft navigation and threat detection. HENSOLDT also provides system integration, software and lifecycle support for its equipment. HENSOLDT was established in 2017, bringing together defense electronics businesses formerly owned by Airbus.