Bae Systems (OTCMKTS:BAESY) Hits New 52-Week High - Here's Why

Key Points

• Bae Systems PLC shares hit a new 52-week high during trading on Monday, reaching a price of $110.49 before closing at $110.32.
• Analyst ratings for Bae Systems are mixed, with three analysts issuing a Buy rating, while one assigned a Hold and another a Sell.
• Several hedge funds have recently made investments in Bae Systems, indicating a growing interest in the company's stock among institutional investors.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $110.49 and last traded at $110.32, with a volume of 86264 shares. The stock had previously closed at $108.08.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BAESY. Kepler Capital Markets lowered Bae Systems from a "hold" rating to a "reduce" rating in a research note on Monday, July 7th. Jefferies Financial Group raised Bae Systems from a "hold" rating to a "buy" rating in a research note on Friday, August 1st. Finally, Bank of America raised Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold".

Bae Systems Trading Up 2.4%

The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85. The business has a 50-day simple moving average of $98.49 and a 200-day simple moving average of $95.22.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. First Merchants Corp purchased a new position in shares of Bae Systems in the 1st quarter valued at about $4,598,000. GAMMA Investing LLC increased its holdings in shares of Bae Systems by 26.0% in the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock valued at $186,000 after acquiring an additional 466 shares during the last quarter. L & S Advisors Inc purchased a new position in shares of Bae Systems in the 1st quarter valued at about $1,078,000. Corient IA LLC purchased a new position in shares of Bae Systems in the 1st quarter valued at about $805,000. Finally, Rhumbline Advisers grew its stake in Bae Systems by 19.6% during the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after buying an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company's stock.

Bae Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.

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