Hensoldt (OTCMKTS:HAGHY) Shares Gap Up – Should You Buy?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares gapped up prior to trading on Tuesday . The stock had previously closed at $8.00, but opened at $8.58. Hensoldt shares last traded at $8.55, with a volume of 358,399 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Zacks Research cut shares of Hensoldt from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Kepler Capital Markets raised shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Finally, Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Three investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Hensoldt Trading Up 8.4%

The company has a fifty day simple moving average of $35.03 and a 200 day simple moving average of $45.36.

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.