Bae Systems (OTCMKTS:BAESY) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Key Points

• Bae Systems PLC's stock price has recently crossed above its 200-day moving average, closing at $96.51, which could indicate a potential shift in market sentiment.
• Research analysts have mixed ratings on Bae Systems, with three Buy ratings, one Hold, and one Sell, leading to a consensus rating of "Hold."
• Several hedge funds have significantly increased their holdings in Bae Systems, including First Horizon Advisors and Atlas Capital Advisors, indicating growing institutional interest in the stock.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $93.21 and traded as high as $96.58. Bae Systems shares last traded at $96.51, with a volume of 982,192 shares traded.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BAESY. Bank of America upgraded shares of Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. Kepler Capital Markets cut shares of Bae Systems from a "hold" rating to a "reduce" rating in a research note on Monday, July 7th. Finally, Jefferies Financial Group upgraded shares of Bae Systems from a "hold" rating to a "buy" rating in a research note on Friday, August 1st. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Bae Systems Stock 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 company's 50-day moving average price is $98.76 and its 200 day moving average price is $93.46.

Institutional Trading of Bae Systems

Institutional investors and hedge funds have recently bought and sold shares of the stock. First Merchants Corp bought a new stake in Bae Systems in the 1st quarter valued at $4,598,000. GAMMA Investing LLC boosted its stake in shares of Bae Systems by 26.0% during the 1st quarter. GAMMA Investing LLC now owns 2,260 shares of the aerospace company's stock worth $186,000 after purchasing an additional 466 shares during the period. L & S Advisors Inc purchased a new position in shares of Bae Systems during the 1st quarter worth about $1,078,000. Corient IA LLC purchased a new position in shares of Bae Systems during the 1st quarter worth about $805,000. Finally, Rhumbline Advisers boosted its stake in shares of 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 purchasing an additional 897 shares during the period. 0.21% of the stock is currently owned by institutional investors.

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.