Shares of Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $85.75 and traded as high as $102.21. Bae Systems shares last traded at $102.21, with a volume of 123,687 shares.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Bae Systems in a research note on Monday, April 28th. Kepler Capital Markets lowered Bae Systems from a "hold" rating to a "reduce" rating in a research report on Monday, July 7th. Finally, Bank of America raised Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold".
Get Our Latest Stock Analysis on BAESY
Bae Systems Stock Down 3.3%
The stock has a 50 day moving average of $102.90 and a 200-day moving average of $86.73. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.95.
Hedge Funds Weigh In On Bae Systems
A number of hedge funds have recently made changes to their positions in the business. First Horizon Advisors Inc. increased its holdings in shares of Bae Systems by 49.4% in the 1st quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock worth $51,000 after buying an additional 205 shares during the last quarter. Atlas Capital Advisors Inc. raised its holdings 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 valued at $156,000 after acquiring an additional 1,024 shares in the last quarter. HighPoint Advisor Group LLC purchased a new position in Bae Systems during the first quarter valued at approximately $185,000. GAMMA Investing LLC raised its position 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 worth $186,000 after acquiring an additional 466 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Bae Systems by 19.6% during the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock valued at $451,000 after buying an additional 897 shares during the last quarter. Institutional investors own 0.21% of the company's stock.
About Bae Systems
(
Get Free Report)
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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