BAE Systems (OTCMKTS:BAESF) Share Price Passes Above 200 Day Moving Average – What’s Next?

BAE Systems plc (OTCMKTS:BAESF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.79 and traded as high as $27.99. BAE Systems shares last traded at $26.79, with a volume of 16,766 shares changing hands.

BAE Systems Trading Up 0.6%

The business has a fifty day moving average price of $24.70 and a 200-day moving average price of $23.79.

Institutional Trading of BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC increased its holdings in shares of BAE Systems plc (OTCMKTS:BAESF) by 1,551.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,176 shares of the company’s stock after purchasing 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 reporting period. Hedge funds and other institutional investors own 40.72% of the company’s stock.

BAE Systems Company Profile

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.