Bae Systems (OTCMKTS:BAESY) Sees Large Volume Increase on Analyst Upgrade

Shares of Bae Systems PLC (OTCMKTS:BAESY) saw strong trading volume on Thursday after Kepler Capital Markets upgraded the stock from a hold rating to a buy rating. 773,145 shares changed hands 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

Large investors have recently modified their holdings of the business. Arrow Capital Pty Ltd bought a new position in shares of Bae Systems during the third quarter valued at approximately $5,531,000. Altrius Capital Management Inc lifted its holdings in Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after buying an additional 4,911 shares during the period. First Merchants Corp lifted its holdings in Bae Systems by 3.6% during the fourth quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock worth $6,231,000 after buying an additional 2,338 shares during the period. Kingswood Wealth Advisors LLC bought a new stake in Bae Systems during the 4th quarter valued at $250,000. Finally, RNC Capital Management LLC increased its holdings in shares of Bae Systems by 4.2% in the 4th quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company’s stock valued at $525,000 after acquiring an additional 227 shares during the period. Institutional investors own 0.21% of the company’s stock.

Bae Systems Trading Down 0.9%

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

About Bae Systems

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.