Bae Systems PLC (OTCMKTS:BAESY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $78.10 and traded as high as $105.60. Bae Systems shares last traded at $105.36, with a volume of 379,181 shares changing hands.
Analyst Ratings Changes
Several equities analysts have commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Bae Systems in a research report on Monday, April 28th. Berenberg Bank lowered Bae Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Finally, Bank of America raised Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th.
Check Out Our Latest Analysis on BAESY
Bae Systems Stock Down 1.5%
The firm has a 50-day moving average price of $98.02 and a 200-day moving average price of $78.95. 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
Large investors have recently modified their holdings of the stock. First Horizon Advisors Inc. raised its position 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 purchasing an additional 205 shares during the last quarter. Atlas Capital Advisors Inc. raised its position in shares of Bae Systems by 116.9% in the 1st quarter. Atlas Capital Advisors Inc. now owns 1,900 shares of the aerospace company's stock worth $156,000 after purchasing an additional 1,024 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Bae Systems in the 1st quarter worth about $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 purchasing an additional 466 shares during the last quarter. Finally, Rhumbline Advisers raised its position in shares of Bae Systems by 19.6% in the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after purchasing an additional 897 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company's stock.
About Bae Systems
(
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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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