BAE Systems (OTCMKTS:BAESF) Stock Price Down 1.9% – Here’s What Happened

Shares of BAE Systems plc (OTCMKTS:BAESF) were down 1.9% during mid-day trading on Friday . The stock traded as low as $15.54 and last traded at $15.54. Approximately 28,466 shares were traded during mid-day trading, a decline of 23% from the average daily volume of 36,938 shares. The stock had previously closed at $15.84.

BAE Systems Stock Down 1.9 %

The firm has a fifty day moving average price of $16.78 and a 200-day moving average price of $16.95.

Hedge Funds Weigh In On BAE Systems

An institutional investor recently bought a new position in BAE Systems stock. Eagle Bay Advisors LLC acquired a new stake in shares of BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,050 shares of the company’s stock, valued at approximately $34,000. Institutional investors and hedge funds own 40.72% 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.