Bae Systems (OTCMKTS:BAESY) Sees Unusually-High Trading Volume Following Analyst Upgrade

Bae Systems PLC (OTCMKTS:BAESY) saw an uptick in trading volume on Thursday after Kepler Capital Markets upgraded the stock from a hold rating to a buy rating. Approximately 773,145 shares were traded during mid-day trading, an increase of 86% from the previous session’s volume of 414,716 shares.The stock last traded at $94.43 and had previously closed at $95.60.

Institutional Investors Weigh In On Bae Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Arrow Capital Pty Ltd bought a new position in Bae Systems in the 3rd quarter worth about $5,531,000. Sterling Capital Management LLC bought a new stake in shares of Bae Systems during the first quarter valued at approximately $1,146,000. Collaborative Fund Advisors LLC purchased a new stake in shares of Bae Systems in the first quarter valued at approximately $897,000. Altrius Capital Management Inc boosted its holdings in shares of Bae Systems by 5.5% in the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after purchasing an additional 4,911 shares during the period. Finally, Ramirez Asset Management Inc. grew its stake in Bae Systems by 6.8% in the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after purchasing an additional 4,527 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Trading Down 0.9%

The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $106.59 and a 200 day simple moving average of $108.29.

Bae Systems Company Profile

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.