Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $110.46 and traded as high as $116.55. Bae Systems shares last traded at $116.16, with a volume of 103,083 shares traded.
Analyst Ratings Changes
Several research analysts have commented on BAESY shares. Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of Bae Systems in a research note on Tuesday, August 11th. Morgan Stanley reaffirmed an "overweight" rating on shares of Bae Systems in a research report on Thursday, June 25th. Erste Group Bank downgraded shares of Bae Systems from a "buy" rating to a "hold" rating in a research report on Thursday, June 25th. Kepler Capital Markets upgraded Bae Systems from a "hold" rating to a "buy" rating in a research report on Wednesday, June 24th. Finally, Royal Bank Of Canada began coverage on shares of Bae Systems in a research note on Tuesday, August 11th. They set a "sector perform" rating on the stock. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Bae Systems currently has an average rating of "Hold".
Read Our Latest Report on BAESY
Bae Systems Price Performance
The stock has a 50-day moving average of $106.75 and a 200 day moving average of $110.46. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.
Institutional Investors Weigh In On Bae Systems
Hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its position in Bae Systems by 2.5% during the second quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company's stock valued at $389,000 after buying an additional 96 shares during the period. Confluence Investment Management LLC boosted its stake in Bae Systems by 0.9% in the second quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company's stock valued at $1,314,000 after acquiring an additional 115 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in Bae Systems by 9.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company's stock valued at $157,000 after acquiring an additional 140 shares during the last quarter. Rhumbline Advisers grew its position in shares of Bae Systems by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company's stock valued at $593,000 after acquiring an additional 158 shares during the period. Finally, RNC Capital Management LLC increased its stake in shares of Bae Systems by 4.2% during the 4th 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. 0.21% of the stock is currently owned by institutional investors.
Bae Systems Company Profile
(
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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.
Further Reading
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