BAE Systems (OTCMKTS:BAESF) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

BAE Systems plc (OTCMKTS:BAESF)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $24.63 and traded as high as $28.6240. BAE Systems shares last traded at $27.01, with a volume of 15,498 shares traded.

BAE Systems Stock Performance

The business has a 50-day simple moving average of $23.48 and a two-hundred day simple moving average of $24.63.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in BAE Systems stock. Saranac Partners Ltd purchased a new position in shares of BAE Systems plc (OTCMKTS:BAESF) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems makes up about 1.3% of Saranac Partners Ltd’s holdings, making the stock its 17th biggest position. 40.72% of the stock is owned by hedge funds and other institutional investors.

BAE Systems Company Profile

BAE Systems PLC is a British multinational defence, security and aerospace company formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems. Headquartered in London, the company operates across the full lifecycle of military and security platforms, from concept and design through production, in-service support and upgrades. BAE Systems is recognized for delivering advanced technology solutions to governments and prime contractors around the world.

In its aerospace segment, BAE Systems designs and manufactures combat aircraft, electronic warfare systems and unmanned aerial vehicles.