Hensoldt AG (OTC:HNSDF – Get Rating) shares dropped 3.5% during mid-day trading on Thursday . The stock traded as low as 23.70 and last traded at 23.84. Approximately 200 shares traded hands during trading, a decline of 63% from the average daily volume of 543 shares. The stock had previously closed at 24.70.
Separately, Morgan Stanley initiated coverage on Hensoldt in a research note on Monday, May 9th. They set an “overweight” rating on the stock.
The firm’s 50 day moving average price is 25.18.
HENSOLDT AG, together with its subsidiaries, provides defense and security electronic sensor solutions worldwide. It offers air surveillance, airborne, ground based, security, naval and coastal, and space radars; identification friend or foe and secure data links; and commercial shipping solutions. The company also provides airborne, vehicle, surveillance, and maritime optronics; space optics; optronic sensor devices; and sights, scopes, and night-vision attachments.
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