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

Shares of Bae Systems PLC (OTCMKTS:BAESY) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $99.07 and traded as high as $112.4004. Bae Systems shares last traded at $111.35, with a volume of 984,526 shares changing hands.

Analysts Set New Price Targets

BAESY has been the subject of a number of analyst reports. Sanford C. Bernstein lowered Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, Erste Group Bank initiated coverage on shares of Bae Systems in a report on Friday, October 3rd. They set a “buy” rating on the stock. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Bae Systems has an average rating of “Moderate Buy”.

Bae Systems Price Performance

The company’s 50-day moving average is $95.93 and its two-hundred day moving average is $99.07. The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64.

Institutional Investors Weigh In On Bae Systems

A number of hedge funds have recently modified their holdings of BAESY. L & S Advisors Inc raised its stake in shares of Bae Systems by 27.2% in the second quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock valued at $1,751,000 after buying an additional 3,562 shares during the period. First Merchants Corp raised its stake in Bae Systems by 9.0% in the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock valued at $6,437,000 after acquiring an additional 5,144 shares during the period. GAMMA Investing LLC lifted its holdings in Bae Systems by 25.6% during the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 578 shares during the last quarter. Rhumbline Advisers boosted its position in Bae Systems by 19.6% during the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock worth $451,000 after purchasing an additional 897 shares during the period. Finally, Ramirez Asset Management Inc. increased its stake in shares of Bae Systems by 2.9% in the second quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock worth $7,084,000 after purchasing an additional 1,954 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.