Bae Systems (OTCMKTS:BAESY) Shares Cross Above Two Hundred Day Moving Average - What's Next?

Key Points

• BAE Systems crossed above its 200-day moving average
• Analyst sentiment is mixed but tilted positive with four Buy and three Hold ratings giving a consensus of "Moderate Buy", alongside recent rating moves including Kepler's upgrade to Hold and Sanford C. Bernstein's downgrade to Market Perform.
• Institutional ownership remains very low at 0.21%, though several funds recently initiated or increased positions (e.g., Arrow Capital's ~$5.53M new stake and Altrius's ~93,878 shares); the company shows a debt-to-equity of 0.60 and current/quick ratios of 0.99 and 0.87 respectively.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $103.92 and traded as high as $118.20. Bae Systems shares last traded at $115.58, with a volume of 355,741 shares changing hands.

Wall Street Analysts Forecast Growth

BAESY has been the subject of several research analyst reports. Jefferies Financial Group restated a "hold" rating on shares of Bae Systems in a research report on Wednesday, February 18th. Kepler Capital Markets upgraded Bae Systems from a "strong sell" rating to a "hold" rating in a report on Tuesday, January 6th. Finally, Sanford C. Bernstein cut Bae Systems from an "outperform" rating to a "market perform" rating in a report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Bae Systems Trading Down 3.2%

The company's 50 day moving average price is $113.75 and its two-hundred day moving average price is $103.92. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in BAESY. Arrow Capital Pty Ltd acquired a new position in shares of Bae Systems during the 3rd quarter valued at about $5,531,000. RNC Capital Management LLC increased its position in Bae Systems by 4.2% during the fourth quarter. RNC Capital Management LLC now owns 5,655 shares of the aerospace company's stock worth $525,000 after purchasing an additional 227 shares during the last quarter. Altrius Capital Management Inc raised its stake in Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company's stock worth $8,719,000 after purchasing an additional 4,911 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in Bae Systems in the 4th quarter valued at about $250,000. Finally, First Merchants Corp boosted its holdings in Bae Systems by 3.6% in the 4th quarter. First Merchants Corp now owns 67,568 shares of the aerospace company's stock valued at $6,231,000 after purchasing an additional 2,338 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors and hedge funds.

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.

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