Hensoldt (OTCMKTS:HAGHY) Stock Price Up 9.4% – What’s Next?

Shares of Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) rose 9.4% on Wednesday . The company traded as high as $9.52 and last traded at $9.52. Approximately 34,505 shares changed hands during trading, a decline of 61% from the average daily volume of 88,395 shares. The stock had previously closed at $8.70.

Wall Street Analyst Weigh In

HAGHY has been the subject of several research analyst reports. Jefferies Financial Group raised Hensoldt from a “hold” rating to a “strong-buy” rating in a research note 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 lowered shares of Hensoldt from a “hold” rating to a “strong sell” rating in a research report on Friday, March 6th. Three research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

Hensoldt Stock Up 8.9%

The stock’s 50 day moving average price is $35.86 and its two-hundred day moving average price is $45.61.

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.