Hensoldt (OTCMKTS:HAGHY) Shares Gap Down – What’s Next?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares 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.

Analysts Set New Price Targets

Separately, Deutsche Bank Aktiengesellschaft reaffirmed 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 given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Buy”.

Hensoldt Stock Performance

The business’s 50 day simple moving average is $9.43 and its 200 day simple moving average is $13.62.

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.