BAE Systems (OTCMKTS:BAESF) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

BAE Systems plc (OTCMKTS:BAESF) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $24.73 and traded as high as $29.55. BAE Systems shares last traded at $26.63, with a volume of 29,841 shares.

BAE Systems Stock Performance

The business has a fifty day moving average of $23.93 and a two-hundred day moving average of $24.73.

Institutional Trading of BAE Systems

A hedge fund recently bought a new stake in BAE Systems stock. Saranac Partners Ltd purchased a new stake in BAE Systems plc (OTCMKTS:BAESF) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems comprises 1.3% of Saranac Partners Ltd’s holdings, making the stock its 17th largest position. 40.72% of the stock is currently owned by 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.