BAE Systems (OTCMKTS:BAESF) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

BAE Systems plc (OTCMKTS:BAESF)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.85 and traded as high as $23.94. BAE Systems shares last traded at $23.75, with a volume of 6,196 shares traded.

BAE Systems Trading Down 0.5%

The company has a fifty day moving average price of $24.89 and a two-hundred day moving average price of $22.85.

Institutional Trading of BAE Systems

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