BAE Systems (OTCMKTS:BAESF) Shares Pass Above 200-Day Moving Average of $6.31

BAE Systems plc (OTCMKTS:BAESF)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.31 and traded as high as $7.06. BAE Systems shares last traded at $7.06, with a volume of 644 shares.

The stock has a fifty day moving average price of $6.69 and a 200 day moving average price of $6.31.

A hedge fund recently raised its stake in BAE Systems stock. Griffin Asset Management Inc. boosted its holdings in shares of BAE Systems plc (OTCMKTS:BAESF) by 33.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,000 shares of the company’s stock after acquiring an additional 4,000 shares during the quarter. Griffin Asset Management Inc.’s holdings in BAE Systems were worth $100,000 as of its most recent SEC filing.

About BAE Systems (OTCMKTS:BAESF)

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.

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