BAE Systems (OTCMKTS:BAESF) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

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 $16.66 and traded as high as $21.94. BAE Systems shares last traded at $20.54, with a volume of 21,869 shares traded.

BAE Systems Trading Down 1.0 %

The stock’s 50-day moving average is $17.55 and its 200-day moving average is $16.69.

Hedge Funds Weigh In On BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC boosted its position in shares of BAE Systems plc (OTCMKTS:BAESF) by 311.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,187 shares of the company’s stock after purchasing an additional 4,683 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 at the end of the most recent reporting period. 40.72% of the stock is owned by institutional investors.

BAE Systems Company Profile

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.