Hensoldt (OTCMKTS:HAGHY) Shares Gap Down – Time to Sell?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s share price gapped down prior to trading on Wednesday . The stock had previously closed at $9.89, but opened at $9.51. Hensoldt shares last traded at $9.51, with a volume of 183 shares traded.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Hensoldt in a research note on Thursday, August 13th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Hensoldt Trading Up 0.2%

The business’s fifty day moving average price is $9.36 and its 200-day moving average price is $14.16.

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.