Bae Systems (OTCMKTS:BAESY) Sees Unusually-High Trading Volume – What’s Next?

Bae Systems PLC (OTCMKTS:BAESY) saw unusually-high trading volume on Thursday . Approximately 1,813,445 shares traded hands during mid-day trading, an increase of 321% from the previous session’s volume of 431,053 shares.The stock last traded at $90.28 and had previously closed at $88.55.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BAESY. Erste Group Bank began coverage on Bae Systems in a research note on Friday, October 3rd. They issued a “buy” rating on the stock. The Goldman Sachs Group initiated coverage on shares of Bae Systems in a research note on Friday, September 19th. They set a “buy” rating on the stock. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Bae Systems Stock Performance

The stock has a 50-day moving average of $97.76 and a 200 day moving average of $100.03.

Institutional Investors Weigh In On Bae Systems

A number of hedge funds have recently modified their holdings of the company. Hantz Financial Services Inc. increased its position in shares of Bae Systems by 73.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after purchasing an additional 138 shares during the last quarter. Rhumbline Advisers boosted its stake in Bae Systems by 2.9% during the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock worth $593,000 after buying an additional 158 shares during the period. RNC Capital Management LLC increased its position in shares of Bae Systems by 2.1% during the first quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock valued at $683,000 after acquiring an additional 168 shares during the last quarter. Salomon & Ludwin LLC raised its stake in shares of 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 acquiring an additional 252 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of Bae Systems in the 3rd quarter worth approximately $44,000. Hedge funds and other institutional investors own 0.21% of the company’s stock.

About Bae Systems

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.