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

BAE Systems plc (OTCMKTS:BAESF)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.94 and traded as high as $28.00. BAE Systems shares last traded at $27.91, with a volume of 33,383 shares trading hands.

BAE Systems Stock Up 2.1%

The stock has a fifty day simple moving average of $25.53 and a two-hundred day simple moving average of $24.94.

Institutional Investors Weigh In On BAE Systems

An institutional investor recently bought a new position in BAE Systems stock. Saranac Partners Ltd purchased a new stake in BAE Systems plc (OTCMKTS:BAESF) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 investment portfolio, making the stock its 17th largest holding. 40.72% of the stock is owned by institutional investors and hedge funds.

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.