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

Key Points

• Shares gapped down premarket, opening at $8.83 versus a prior close of $9.49 and last trading at $8.80, representing about a 3.0% drop on light volume (1,696 shares).
• Analysts have been upgrading the stock, including Jefferies boosting Hensoldt to a "strong-buy"; overall consensus from seven analysts averages to a "Buy" (three Strong Buy, one Buy, three Hold).
• The stock is trading well below its technicals, with the 50-day moving average at $16.22 and the 200-day at $36.62, indicating a significant gap below recent longer-term price levels.

Hensoldt AG - Unsponsored ADR (OTCMKTS:HAGHY - Get Free Report)'s stock price gapped down prior to trading on Friday . The stock had previously closed at $9.49, but opened at $8.83. Hensoldt shares last traded at $8.80, with a volume of 1,696 shares changing hands.

Analysts Set New Price Targets

HAGHY has been the subject of several analyst reports. Jefferies Financial Group raised shares of Hensoldt from a "hold" rating to a "strong-buy" rating in a research note on Sunday, March 8th. Kepler Capital Markets raised shares of Hensoldt from a "strong sell" rating to a "hold" rating in a research note on Monday, March 16th. Finally, Zacks Research raised shares of Hensoldt from a "strong sell" rating to a "hold" rating in a research note on Friday, May 1st. Three investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy".

Hensoldt Stock Down 3.0%

The firm's 50 day moving average is $16.22 and its two-hundred day moving average is $36.62.

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.

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