Bae Systems (OTCMKTS:BAESY) Shares Cross Above 200 Day Moving Average - Time to Sell?

Key Points

• Bae Systems shares surpassed their 200-day moving average of $91.97, trading as high as $98.00, with the latest price at $95.98.
• Analysts have shown a positive outlook for Bae Systems, with three analysts rating it a Buy and only one issuing a Sell rating.
• Several institutional investors have increased their stakes in Bae Systems recently, indicating growing confidence in the company's stock.

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $91.97 and traded as high as $98.00. Bae Systems shares last traded at $95.98, with a volume of 141,782 shares.

Analysts Set New Price Targets

BAESY has been the subject of several recent research reports. 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 upgraded shares of Bae Systems from a "hold" rating to a "buy" rating in a report on Friday, August 1st. Finally, Kepler Capital Markets lowered shares of Bae Systems from a "hold" rating to a "reduce" rating in a report on Monday, July 7th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold".

Bae Systems Stock Down 1.8%

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 business's 50-day moving average price is $99.26 and its 200-day moving average price is $92.52.

Institutional Trading of Bae Systems

Several hedge funds have recently bought and sold shares of BAESY. GAMMA Investing LLC raised its position in shares of Bae Systems by 10,259.0% during the 1st quarter. GAMMA Investing LLC now owns 185,840 shares of the aerospace company's stock valued at $15,282,000 after buying an additional 184,046 shares in the last quarter. Ramirez Asset Management Inc. raised its position in shares of Bae Systems by 2.9% during the 2nd quarter. Ramirez Asset Management Inc. now owns 68,509 shares of the aerospace company's stock valued at $7,084,000 after buying an additional 1,954 shares in the last quarter. First Merchants Corp raised its position in shares of Bae Systems by 9.0% during the 2nd quarter. First Merchants Corp now owns 62,252 shares of the aerospace company's stock valued at $6,437,000 after buying an additional 5,144 shares in the last quarter. L & S Advisors Inc raised its position in shares of Bae Systems by 27.2% during the 2nd quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company's stock valued at $1,751,000 after buying an additional 3,562 shares in the last quarter. Finally, Confluence Investment Management LLC raised its position in shares of Bae Systems by 3.9% during the 2nd quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company's stock valued at $1,199,000 after buying an additional 427 shares in 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.