Bae Systems (OTCMKTS:BAESY) Stock Crosses Above 200-Day Moving Average – Here’s Why

Bae Systems PLC (OTCMKTS:BAESY) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $99.43 and traded as high as $110.84. Bae Systems shares last traded at $110.00, with a volume of 258,026 shares traded.

Analyst Upgrades and Downgrades

BAESY has been the topic of a number of analyst reports. Kepler Capital Markets upgraded shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Sanford C. Bernstein cut Bae Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 6th. Finally, Erste Group Bank assumed coverage on Bae Systems in a research note on Friday, October 3rd. They issued a “buy” rating for the company. Five 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, Bae Systems presently has an average rating of “Moderate Buy”.

Bae Systems Stock Down 1.2%

The company has a current ratio of 0.96, a quick ratio of 0.84 and a debt-to-equity ratio of 0.64. The stock has a 50-day moving average price of $98.03 and a two-hundred day moving average price of $99.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of BAESY. Arrow Capital Pty Ltd purchased a new position in shares of Bae Systems in the third quarter valued at $5,531,000. First Merchants Corp grew its stake in shares of Bae Systems by 9.0% in the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after buying an additional 5,144 shares in the last quarter. L & S Advisors Inc increased its holdings in shares of Bae Systems by 27.2% in the 2nd quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after buying an additional 3,562 shares during the last quarter. Kingswood Wealth Advisors LLC purchased a new stake in shares of Bae Systems during the 4th quarter valued at about $250,000. Finally, Ramirez Asset Management Inc. lifted its holdings in shares of Bae Systems by 2.9% in the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company’s stock valued at $7,084,000 after acquiring an additional 1,954 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors.

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.