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

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) gapped up before the market opened on Monday. The stock had previously closed at $8.41, but opened at $8.92. Hensoldt shares last traded at $8.92, with a volume of 4,665 shares traded.

Analysts Set New Price Targets

Several research firms have issued reports on HAGHY. Jefferies Financial Group upgraded Hensoldt from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Hensoldt in a research note on Thursday, August 13th. Three analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy”.

Hensoldt Price Performance

The company’s fifty day simple moving average is $9.47 and its 200 day simple moving average is $9.13.

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.