Hensoldt (OTCMKTS:HAGHY) Sees Strong Trading Volume – Here’s Why

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) saw unusually-high trading volume on Tuesday . Approximately 334,155 shares traded hands during mid-day trading, an increase of 309% from the previous session’s volume of 81,653 shares.The stock last traded at $8.4040 and had previously closed at $8.3250.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HAGHY. Jefferies Financial Group raised Hensoldt from a “hold” rating to a “strong-buy” rating in a report on Sunday, March 8th. Zacks Research upgraded Hensoldt from a “strong sell” rating to a “hold” rating in a research report on Friday, May 1st. Finally, Kepler Capital Markets raised shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Three research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy”.

Hensoldt Stock Performance

The stock has a 50-day moving average price of $14.71 and a 200 day moving average price of $35.92.

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.