Hensoldt (OTCMKTS:HAGHY) Shares Break Above Fifty Day Moving Average – Here’s Why

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) shares crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $9.31 and traded as high as $9.64. Hensoldt shares last traded at $9.62, with a volume of 177,853 shares traded.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Hensoldt in a research report on Thursday, August 13th. Jefferies Financial Group upgraded shares of Hensoldt from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Three research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy”.

Hensoldt Trading Up 3.4%

The company’s fifty day simple moving average is $9.31 and its 200-day simple moving average is $17.61.

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, electronic warfare and signals intelligence solutions, optronics, avionics, and integrated mission systems designed to support situational awareness and threat detection.

The company serves customers across air, land, sea, and space domains. Its products are used in applications such as air defense, reconnaissance, surveillance, border protection, and the modernization of military platforms.