BAE Systems (OTCMKTS:BAESY) Share Price Crosses Above 200 Day Moving Average – Here’s Why

BAE Systems plc (OTCMKTS:BAESY)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $76.16 and traded as high as $106.97. BAE Systems shares last traded at $105.55, with a volume of 252,686 shares changing hands.

Wall Street Analyst Weigh In

BAESY has been the topic of several research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BAE Systems in a report on Monday, April 28th. Berenberg Bank downgraded BAE Systems from a “strong-buy” rating to a “hold” rating in a report on Monday, March 10th.

BAE Systems Stock Performance

The company’s 50-day simple moving average is $93.80 and its two-hundred day simple moving average is $76.16. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91.

Hedge Funds Weigh In On BAE Systems

Institutional investors have recently bought and sold shares of the stock. Altrius Capital Management Inc raised its stake in shares of BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock worth $6,469,000 after buying an additional 3,662 shares during the period. Ramirez Asset Management Inc. increased its holdings in BAE Systems by 3.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock worth $3,899,000 after acquiring an additional 2,211 shares in the last quarter. Sit Investment Associates Inc. raised its stake in BAE Systems by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares during the period. Confluence Investment Management LLC lifted its holdings in BAE Systems by 19.3% during the first quarter. Confluence Investment Management LLC now owns 10,986 shares of the aerospace company’s stock valued at $903,000 after purchasing an additional 1,777 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of BAE Systems by 10,259.0% in the first quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company’s stock worth $15,282,000 after purchasing an additional 184,046 shares during the period. 0.21% of the stock is owned by institutional investors.

About BAE Systems

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.