Hensoldt (OTCMKTS:HAGHY) Trading Up 6.6% – What’s Next?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s share price rose 6.6% during mid-day trading on Tuesday . The company traded as high as $9.25 and last traded at $9.15. Approximately 3,855 shares were traded during trading, a decline of 97% from the average daily volume of 131,229 shares. The stock had previously closed at $8.58.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Zacks Research raised Hensoldt from a “strong sell” rating to a “hold” rating in a report on Friday, May 1st. Kepler Capital Markets upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Finally, Jefferies Financial Group upgraded 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 given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy”.

Hensoldt Price Performance

The company has a 50 day moving average price of $11.13 and a 200 day moving average price of $34.22.

About Hensoldt

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.