Hensoldt (OTCMKTS:HAGHY) Shares Gap Down - Here's Why

Key Points

• Hensoldt ADR gapped down pre-market from $9.68 to $9.15 and was last trading at $9.125 with about 27,520 shares changing hands, roughly a 2.8% intraday decline.
• Analysts are mixed — three Strong Buy, one Buy, two Hold and one Sell — giving the stock a consensus rating of “Moderate Buy”, amid recent divergent actions (Zacks cut to strong sell, Jefferies to strong-buy, Kepler to hold).
• The share price sits well below its technicals, with a 50-day simple moving average of $32.58 and a 200-day SMA of $44.30, indicating significant longer-term downside versus current levels.

Hensoldt AG - Unsponsored ADR (OTCMKTS:HAGHY - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $9.68, but opened at $9.15. Hensoldt shares last traded at $9.1250, with a volume of 27,520 shares changing hands.

Analyst Upgrades and Downgrades

HAGHY has been the subject of a number of recent analyst reports. Zacks Research lowered shares of Hensoldt from a "hold" rating to a "strong sell" rating in a report on Friday, March 6th. Jefferies Financial Group raised shares of Hensoldt from a "hold" rating to a "strong-buy" rating in a research report on Sunday, March 8th. Finally, Kepler Capital Markets raised shares of Hensoldt from a "strong sell" rating to a "hold" rating in a research report on Monday, March 16th. Three analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Hensoldt Trading Down 2.8%

The stock's 50-day simple moving average is $32.58 and its 200-day simple moving average is $44.30.

Hensoldt Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.