Bae Systems (OTCMKTS:BAESY) Sees Unusually-High Trading Volume - Time to Buy?

Key Points

• Bae Systems PLC experienced a significant increase in trading volume, with 990,584 shares traded, marking a 115% rise compared to the prior session.
• Brokerage firms have mixed sentiments on BAESY, with Kepler Capital Markets downgrading it to "reduce" but several others upgrading it to "buy," leading to a consensus rating of "Moderate Buy."
• Institutional investors have increased their stakes in Bae Systems, with First Horizon Advisors and Atlas Capital Advisors boosting their holdings by 49.4% and 116.9%, respectively.

Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) saw an uptick in trading volume on Monday . 990,584 shares changed hands during mid-day trading, an increase of 115% from the previous session's volume of 459,924 shares.The stock last traded at $106.44 and had previously closed at $106.00.

Analyst Ratings Changes

A number of brokerages have issued reports on BAESY. Kepler Capital Markets downgraded shares of Bae Systems from a "hold" rating to a "reduce" rating in a report on Monday, July 7th. Bank of America upgraded shares of Bae Systems from an "underperform" rating to a "buy" rating in a report on Tuesday, June 10th. Jefferies Financial Group raised shares of Bae Systems from a "hold" rating to a "buy" rating in a research report on Friday, August 1st. Finally, The Goldman Sachs Group assumed coverage on shares of Bae Systems in a research report on Friday. They issued a "buy" rating for the company. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Bae Systems Price Performance

The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.95. The stock's 50-day moving average is $99.02 and its 200 day moving average is $96.09.

Institutional Trading of Bae Systems

A number of hedge funds and other institutional investors have recently made changes to their positions in BAESY. First Horizon Advisors Inc. increased its stake in shares of Bae Systems by 49.4% in the first quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock worth $51,000 after acquiring an additional 205 shares during the period. Atlas Capital Advisors Inc. increased its stake in shares of Bae Systems by 116.9% in the first quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company's stock worth $156,000 after acquiring an additional 1,024 shares during the period. HighPoint Advisor Group LLC purchased a new stake in Bae Systems during the first quarter worth $185,000. GAMMA Investing LLC boosted its holdings in Bae Systems by 26.0% during the first quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock worth $186,000 after buying an additional 466 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings 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 buying an additional 897 shares in the last quarter. Institutional investors and hedge funds own 0.21% of the company's stock.

About Bae Systems

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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