BAE Systems (OTCMKTS:BAESY) Stock Price Crosses Above 200 Day Moving Average of $65.43

BAE Systems plc (OTCMKTS:BAESY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $65.43 and traded as high as $65.62. BAE Systems shares last traded at $65.48, with a volume of 93,104 shares changing hands.

Wall Street Analyst Weigh In

Separately, Bank of America lowered BAE Systems from a “buy” rating to a “neutral” rating in a report on Monday, May 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1,142.00.

BAE Systems Stock Up 1.1 %

The company has a debt-to-equity ratio of 0.41, a current ratio of 1.08 and a quick ratio of 0.97. The business’s 50-day moving average price is $69.36 and its 200 day moving average price is $65.43.

Hedge Funds Weigh In On BAE Systems

A number of institutional investors have recently bought and sold shares of BAESY. Ramirez Asset Management Inc. bought a new stake in shares of BAE Systems during the 3rd quarter worth about $2,710,000. AdvisorShares Investments LLC bought a new stake in shares of BAE Systems during the fourth quarter worth approximately $699,000. GAMMA Investing LLC grew its position in shares of BAE Systems by 16.4% in the first quarter. GAMMA Investing LLC now owns 1,548 shares of the aerospace company’s stock valued at $107,000 after purchasing an additional 218 shares during the last quarter. SVB Wealth LLC increased its stake in shares of BAE Systems by 13.0% during the fourth quarter. SVB Wealth LLC now owns 4,733 shares of the aerospace company’s stock worth $274,000 after purchasing an additional 546 shares during the period. Finally, Pacer Advisors Inc. acquired a new stake in BAE Systems during the 4th quarter worth approximately $18,702,000. Institutional investors and hedge funds own 0.21% of the company’s stock.

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.