Bae Systems (OTCMKTS:BAESY) Shares Pass Above 200 Day Moving Average – Should You Sell?

Shares of Bae Systems PLC (OTCMKTS:BAESY) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $91.97 and traded as high as $98.00. Bae Systems shares last traded at $95.98, with a volume of 141,782 shares.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on BAESY shares. Jefferies Financial Group raised Bae Systems from a “hold” rating to a “buy” rating in a research note on Friday, August 1st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Bae Systems in a research report on Monday, April 28th. Bank of America raised Bae Systems from an “underperform” rating to a “buy” rating in a research report on Tuesday, June 10th. Finally, Kepler Capital Markets lowered Bae Systems from a “hold” rating to a “reduce” rating in a research report on Monday, July 7th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

Bae Systems Price Performance

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85. The company has a 50-day moving average price of $99.98 and a 200 day moving average price of $91.97.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Rhumbline Advisers raised its position in shares of Bae Systems by 2.9% in the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock worth $593,000 after acquiring an additional 158 shares in the last quarter. RNC Capital Management LLC increased its position in Bae Systems by 2.1% during the 1st quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock valued at $683,000 after buying an additional 168 shares in the last quarter. First Horizon Advisors Inc. increased its position in Bae Systems by 49.4% during the 1st quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company’s stock valued at $51,000 after buying an additional 205 shares in the last quarter. Confluence Investment Management LLC increased its position in Bae Systems by 3.9% during the 2nd quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company’s stock valued at $1,199,000 after buying an additional 427 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in Bae Systems by 26.0% during the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company’s stock valued at $186,000 after buying an additional 466 shares in the last quarter. 0.21% of the stock is owned by 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.