Bae Systems (OTCMKTS:BAESY) Trading Down 3.5% - Time to Sell?

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report)'s share price traded down 3.5% on Tuesday . The company traded as low as $98.92 and last traded at $98.94. 130,016 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 554,772 shares. The stock had previously closed at $102.55.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Bank of America raised Bae Systems from an "underperform" rating to a "buy" rating in a research note on Tuesday, June 10th. Berenberg Bank lowered shares of Bae Systems from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Bae Systems in a research report on Monday, April 28th.

Bae Systems Trading Down 2.0%

The business's 50 day simple moving average is $98.77 and its 200 day simple moving average is $79.93. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.85 and a current ratio of 0.95.

Institutional Investors Weigh In On Bae Systems

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Horizon Advisors Inc. increased its position in shares of Bae Systems by 49.4% during 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 stake 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 valued at $156,000 after acquiring an additional 1,024 shares during the period. HighPoint Advisor Group LLC acquired a new position in shares of Bae Systems in the 1st quarter worth approximately $185,000. GAMMA Investing LLC boosted its position in shares of Bae Systems by 26.0% during 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 period. Finally, Rhumbline Advisers raised its position in Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock valued at $451,000 after purchasing an additional 897 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.