BAE Systems (OTCMKTS:BAESF) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Shares of BAE Systems plc (OTCMKTS:BAESF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.73 and traded as high as $29.55. BAE Systems shares last traded at $26.63, with a volume of 29,841 shares traded.

BAE Systems Price Performance

The firm has a 50-day moving average price of $23.93 and a 200 day moving average price of $24.73.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BAE Systems stock. Saranac Partners Ltd bought a new stake in BAE Systems plc (OTCMKTS:BAESF) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems accounts for 1.3% of Saranac Partners Ltd’s portfolio, making the stock its 17th biggest position. Hedge funds and other institutional investors own 40.72% of the company’s stock.

BAE Systems Company Profile

BAE Systems PLC is a British multinational defence, security and aerospace company formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems. Headquartered in London, the company operates across the full lifecycle of military and security platforms, from concept and design through production, in-service support and upgrades. BAE Systems is recognized for delivering advanced technology solutions to governments and prime contractors around the world.

In its aerospace segment, BAE Systems designs and manufactures combat aircraft, electronic warfare systems and unmanned aerial vehicles.