Hensoldt (OTCMKTS:HAGHY) Shares Gap Down – Here’s What Happened

Hensoldt AG – Unsponsored ADR (OTCMKTS:HAGHY)’s share price gapped down prior to trading on Friday . The stock had previously closed at $9.63, but opened at $9.01. Hensoldt shares last traded at $9.02, with a volume of 1,162 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Hensoldt from a “strong sell” rating to a “hold” rating in a research note on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Hensoldt has a consensus rating of “Buy”.

Hensoldt Trading Down 4.8%

The stock has a fifty day moving average of $8.82 and a 200-day moving average of $20.61.

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.