Hensoldt (OTCMKTS:HAGHY) Shares Gap Down – Should You Sell?

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) gapped down before the market opened on Wednesday. The stock had previously closed at $9.30, but opened at $8.27. Hensoldt shares last traded at $8.39, with a volume of 2,536 shares.

Analyst Ratings Changes

Several research firms recently weighed in on HAGHY. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Hensoldt in a report on Thursday, August 13th. Jefferies Financial Group raised Hensoldt from a “hold” rating to a “strong-buy” rating in a research note on Monday. Three investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Hensoldt presently has a consensus rating of “Buy”.

Hensoldt Stock Performance

The company’s 50 day moving average price is $9.58 and its 200-day moving average price is $9.13.

Hensoldt Company Profile

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.