Hensoldt (OTCMKTS:HAGHY) Stock Crosses Below 50-Day Moving Average – Here’s Why

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY) passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $9.06 and traded as low as $8.65. Hensoldt shares last traded at $8.70, with a volume of 393,488 shares.

Analysts Set New Price Targets

HAGHY has been the topic of several analyst reports. Deutsche Bank reaffirmed a “buy” rating on shares of Hensoldt in a 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. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Hensoldt Trading Down 4.8%

The company has a fifty day moving average price of $9.06 and a 200-day moving average price of $14.83.

Hensoldt Company Profile

HENSOLDT AG is a German defense and security technology company that develops sensor systems and related electronics for military and civilian customers. Its main areas of activity include radar, optronics, electronic warfare and avionics. The company’s products and services support tasks such as air defense, surveillance, reconnaissance, aircraft navigation and threat detection. HENSOLDT also provides system integration, software and lifecycle support for its equipment. HENSOLDT was established in 2017, bringing together defense electronics businesses formerly owned by Airbus.