Hensoldt (OTCMKTS:HAGHY) Trading Down 7.3% – Here’s What Happened

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s share price traded down 7.3% on Monday . The stock traded as low as $8.25 and last traded at $8.25. 2,572 shares changed hands during trading, a decline of 97% from the average session volume of 78,880 shares. The stock had previously closed at $8.90.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Jefferies Financial Group upgraded Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Kepler Capital Markets upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a report on Monday, March 16th. Finally, Zacks Research upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy”.

Hensoldt Price Performance

The business has a fifty day moving average of $16.22 and a 200 day moving average of $36.62.

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.