BAE Systems (OTCMKTS:BAESF) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

BAE Systems plc (OTCMKTS:BAESF)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.14 and traded as high as $26.51. BAE Systems shares last traded at $24.99, with a volume of 20,175 shares traded.

BAE Systems Stock Performance

The firm’s 50 day moving average price is $23.57 and its 200-day moving average price is $19.14.

Institutional Trading of BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC boosted its position in shares of BAE Systems plc (OTCMKTS:BAESF) by 1,551.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,176 shares of the company’s stock after buying an additional 95,989 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $2,062,000 at the end of the most recent quarter. 40.72% of the stock is currently owned by hedge funds and other institutional investors.

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.