Bae Systems (OTCMKTS:BAESY) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Bae Systems PLC (OTCMKTS:BAESY) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $99.43 and traded as high as $110.84. Bae Systems shares last traded at $110.00, with a volume of 258,026 shares trading hands.

Analyst Ratings Changes

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

Bae Systems Stock Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.84. The company has a 50-day simple moving average of $98.03 and a 200 day simple moving average of $99.43.

Institutional Investors Weigh In On Bae Systems

Large investors have recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC increased its position in shares of Bae Systems by 3,150.0% during the third quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 252 shares during the period. Hantz Financial Services Inc. grew its stake in Bae Systems by 73.0% in the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in Bae Systems during the 3rd quarter worth $44,000. First Horizon Advisors Inc. raised its position in Bae Systems by 68.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,046 shares of the aerospace company’s stock valued at $110,000 after purchasing an additional 426 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC purchased a new stake in shares of Bae Systems in the 4th quarter worth $250,000. 0.21% of the stock is owned by hedge funds and other 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.