Bae Systems (OTCMKTS:BAESY) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Bae Systems PLC (OTCMKTS:BAESY) passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $109.35 and traded as high as $112.22. Bae Systems shares last traded at $110.90, with a volume of 255,384 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on BAESY shares. BNP Paribas Exane began coverage on shares of Bae Systems in a research report on Thursday, September 10th. They set a “neutral” rating and a $113.00 price target on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Bae Systems in a research report on Tuesday, August 11th. Finally, Royal Bank Of Canada began coverage on Bae Systems in a report on Tuesday, August 11th. They issued a “sector perform” rating for the company. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $113.00.

Bae Systems Stock Performance

The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.91 and a current ratio of 1.02. The business has a 50 day moving average of $105.67 and a two-hundred day moving average of $109.33.

Institutional Trading of Bae Systems

A number of hedge funds and other institutional investors have recently bought and sold shares of BAESY. Sterling Capital Management LLC raised its holdings in shares of Bae Systems by 1.5% in the 3rd quarter. Sterling Capital Management LLC now owns 9,230 shares of the aerospace company’s stock worth $960,000 after acquiring an additional 134 shares during the last quarter. Henry James International Management Inc. increased its holdings in Bae Systems by 15.8% during the 3rd quarter. Henry James International Management Inc. now owns 30,099 shares of the aerospace company’s stock worth $3,131,000 after purchasing an additional 4,102 shares in the last quarter. GAMMA Investing LLC increased its holdings in Bae Systems by 11.6% during the 3rd quarter. GAMMA Investing LLC now owns 4,428 shares of the aerospace company’s stock worth $459,000 after purchasing an additional 459 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Bae Systems by 0.9% in the third quarter. Confluence Investment Management LLC now owns 13,537 shares of the aerospace company’s stock worth $1,403,000 after purchasing an additional 117 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Bae Systems by 135.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock worth $464,000 after purchasing an additional 2,293 shares during the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Company Profile

BAE Systems plc is a United Kingdom-based defense, aerospace and security company that develops and supports technologies for governments and military customers. Its activities include the design, manufacture and maintenance of combat aircraft, naval vessels, armored vehicles, artillery systems, electronic warfare equipment, command-and-control systems, and secure communications technologies.

The company also provides cybersecurity, intelligence, surveillance and reconnaissance services, as well as advanced electronics, sensors, precision weapons and space-related technologies.