Hensoldt (OTCMKTS:HAGHY) Sees Unusually-High Trading Volume – Still a Buy?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares saw strong trading volume on Tuesday . 334,155 shares changed hands during trading, an increase of 309% from the previous session’s volume of 81,653 shares.The stock last traded at $8.4040 and had previously closed at $8.3250.

Wall Street Analysts Forecast Growth

HAGHY has been the topic of a number of analyst reports. Jefferies Financial Group upgraded Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Zacks Research upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Kepler Capital Markets raised Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Hensoldt Stock Performance

The firm’s 50 day moving average is $12.55 and its 200-day moving average is $34.89.

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.