Hensoldt (OTCMKTS:HNSDF) Shares Up 8.4% – Should You Buy?

Hensoldt AG (OTCMKTS:HNSDF – Get Free Report)’s share price traded up 8.4% during trading on Thursday. The stock traded as high as C$97.64 and last traded at C$97.64. Approximately 247 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,206 shares. The stock had previously closed at C$90.10.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HNSDF shares. The Goldman Sachs Group began coverage on shares of Hensoldt in a report on Tuesday, October 6th. They set a “neutral” rating for the company. Jefferies Financial Group raised shares of Hensoldt to a “buy” rating in a report on Monday, October 5th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Hensoldt has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Analysis on Hensoldt

Hensoldt Stock Performance

The firm has a 50-day simple moving average of C$99.39 and a two-hundred day simple moving average of C$93.68.

Institutional Investors Weigh In On Hensoldt

An institutional investor recently bought a new position in Hensoldt stock. Azimuth Capital Investment Management LLC purchased a new position in shares of Hensoldt AG (OTCMKTS:HNSDF – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 507,930 shares of the company’s stock, valued at approximately $3,935,000.

About Hensoldt

(Get Free Report)

HENSOLDT AG is a Germany-based defense and security technology company that develops and supplies sensor solutions for military and security applications. Its main areas of activity include radar systems, optronic and electro-optical equipment, electronic warfare, avionics, and integrated mission systems.

The company’s products are used for air surveillance, ground-based air defense, reconnaissance, intelligence, and situational awareness. Its portfolio includes ground, airborne, and naval radar technologies; imaging and targeting systems; electronic support and countermeasure solutions; and software designed to combine information from multiple sensors.

HENSOLDT was established in 2017 following the combination of defense electronics businesses formerly associated with Airbus.

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