Bae Systems (OTCMKTS:BAESY) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Bae Systems PLC (OTCMKTS:BAESY) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $104.55 and traded as high as $123.15. Bae Systems shares last traded at $122.67, with a volume of 249,381 shares.

Wall Street Analyst Weigh In

BAESY has been the subject of a number of research analyst reports. Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 6th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Bae Systems Price Performance

The stock’s 50-day moving average price is $114.42 and its 200 day moving average price is $104.67. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Salomon & Ludwin LLC increased its holdings in Bae Systems by 3,150.0% in the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after buying an additional 252 shares during the period. Hantz Financial Services Inc. increased 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 valued at $36,000 after acquiring an additional 138 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in Bae Systems during the third quarter worth about $44,000. Atlas Capital Advisors Inc. acquired a new stake in Bae Systems during the fourth quarter valued at approximately $98,000. Finally, PNC Financial Services Group Inc. grew its stake in shares of Bae Systems by 9.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after purchasing an additional 140 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

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.