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

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report)'s share price 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 changing hands.

Analyst Upgrades and Downgrades

BAESY has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Bae Systems in a report on Monday, April 28th. Kepler Capital Markets cut Bae Systems from a "hold" rating to a "reduce" rating in a research note on Monday, July 7th. Finally, Bank of America upgraded Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold".

Bae Systems Price Performance

The firm has a 50 day moving average price of $102.90 and a 200-day moving average price of $86.34. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.95 and a quick ratio of 0.85.

Hedge Funds Weigh In On Bae Systems

Hedge funds and other institutional investors have recently made changes to their positions in the stock. RNC Capital Management LLC increased its holdings in shares of Bae Systems by 2.1% in the first quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company's stock valued at $683,000 after purchasing an additional 168 shares during the period. First Horizon Advisors Inc. lifted its position 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 valued at $51,000 after acquiring an additional 205 shares in the last quarter. Confluence Investment Management LLC lifted its position in shares of Bae Systems by 3.9% in the second quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company's stock valued at $1,199,000 after acquiring an additional 427 shares in the last quarter. GAMMA Investing LLC lifted its position 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 during the period. Finally, Yousif Capital Management LLC lifted its position in Bae Systems by 8.1% during the second quarter. Yousif Capital Management LLC now owns 9,238 shares of the aerospace company's stock worth $955,000 after buying an additional 690 shares during the period. 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.