Hensoldt (OTCMKTS:HAGHY) Shares Climb 5.8% – Here’s Why

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares traded up 5.8% on Friday. The stock traded as high as $9.97 and last traded at $9.82. Approximately 4,804 shares changed hands during trading, a decline of 97% from the average daily volume of 146,765 shares. The stock had previously closed at $9.28.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Three equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy”.

Hensoldt Stock Performance

The stock’s 50 day moving average is $9.43 and its two-hundred day moving average is $9.15.

About Hensoldt

HENSOLDT AG is a Germany-based defense electronics company that develops and supplies sensor solutions for military and security applications. Its portfolio includes radar systems, electro-optical and infrared sensors, electronic warfare equipment, avionics, and integrated command-and-control and data-fusion technologies.

The company’s products are used for air defense, surveillance, reconnaissance, situational awareness, and the protection of military platforms and personnel. HENSOLDT serves armed forces, government agencies, and defense contractors, with Germany and other European markets forming an important part of its customer base alongside international defense markets.

HENSOLDT was established in 2017 through the separation of Airbus Defence and Space’s electronics activities, building on longstanding German defense-electronics operations.