BAE Systems (OTCMKTS:BAESF) Shares Pass Above 200 Day Moving Average – Time to Sell?

BAE Systems plc (OTCMKTS:BAESF)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $24.83 and traded as high as $27.8980. BAE Systems shares last traded at $26.3160, with a volume of 45,950 shares trading hands.

BAE Systems Stock Up 0.9%

The business has a 50 day moving average price of $24.98 and a two-hundred day moving average price of $24.83.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in BAE Systems stock. Saranac Partners Ltd bought a new position in BAE Systems plc (OTCMKTS:BAESF) during the 3rd quarter, according to its most recent disclosure 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 about 1.3% of Saranac Partners Ltd’s holdings, making the stock its 17th biggest position. Institutional investors and hedge funds 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.