Thales (OTCMKTS:THLEF) Shares Down 4.5% – What’s Next?

Thales S.A. (OTCMKTS:THLEF) was down 4.5% during trading on Monday . The stock traded as low as $293.96 and last traded at $299.4150. Approximately 238 shares were traded during trading, a decline of 74% from the average daily volume of 927 shares. The stock had previously closed at $313.50.

Thales Stock Down 4.5%

The company’s 50 day moving average price is $292.68 and its two-hundred day moving average price is $284.96.

Hedge Funds Weigh In On Thales

A hedge fund recently raised its stake in Thales stock. Generali Investments CEE investicni spolecnost a.s. lifted its position in shares of Thales S.A. (OTCMKTS:THLEF) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,064 shares of the company’s stock after buying an additional 3,512 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Thales were worth $6,761,000 at the end of the most recent quarter. 20.76% of the stock is owned by institutional investors.

About Thales

Thales SA is a global technology company headquartered in Paris, France, specializing in developing advanced systems and solutions for the aerospace, defense, security, and transportation markets. The company’s core activities encompass the design, integration, and deployment of mission-critical equipment such as avionics and flight management systems, radar and sensor technologies, secure communications networks, and digital identity and cybersecurity platforms.

In the aerospace sector, Thales provides flight avionics, air traffic management solutions, and in-flight entertainment systems to commercial and military customers.