Bae Systems (OTCMKTS:BAESY) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Bae Systems PLC (OTCMKTS:BAESY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $99.07 and traded as high as $112.4004. Bae Systems shares last traded at $111.35, with a volume of 984,526 shares.

Wall Street Analyst Weigh In

BAESY has been the topic of several recent research reports. Sanford C. Bernstein downgraded Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Erste Group Bank started coverage on Bae Systems in a report on Friday, October 3rd. They set a “buy” rating on the stock. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Bae Systems Price Performance

The company has a 50-day moving average of $95.93 and a 200 day moving average of $99.07. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.84 and a current ratio of 0.96.

Institutional Investors Weigh In On Bae Systems

Hedge funds have recently bought and sold shares of the stock. Ramirez Asset Management Inc. grew its stake in Bae Systems by 2.9% in the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock worth $7,084,000 after buying an additional 1,954 shares in the last quarter. First Merchants Corp grew its position in Bae Systems by 3.6% in the fourth quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock worth $6,231,000 after acquiring an additional 2,338 shares in the last quarter. Arrow Capital Pty Ltd bought a new position in Bae Systems in the third quarter valued at $5,531,000. L & S Advisors Inc raised its position in Bae Systems by 13.1% during the third quarter. L & S Advisors Inc now owns 18,845 shares of the aerospace company’s stock valued at $2,105,000 after purchasing an additional 2,176 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Bae Systems by 4.7% during the fourth quarter. Confluence Investment Management LLC now owns 12,792 shares of the aerospace company’s stock worth $1,188,000 after purchasing an additional 577 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.