Bae Systems PLC (OTCMKTS:BAESY - Get Free Report)'s stock price fell 3.5% during trading on Tuesday . The stock traded as low as $98.92 and last traded at $98.94. 130,016 shares traded hands during trading, a decline of 77% from the average session volume of 554,772 shares. The stock had previously closed at $102.55.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Bank of America upgraded Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Bae Systems in a report on Monday, April 28th. Finally, Berenberg Bank cut shares of Bae Systems from a "strong-buy" rating to a "hold" rating in a report on Monday, March 10th.
Get Our Latest Report on BAESY
Bae Systems Stock Down 3.3%
The company has a 50 day moving average price of $98.27 and a 200-day moving average price of $79.34. The company has a quick ratio of 0.85, a current ratio of 0.95 and a debt-to-equity ratio of 0.65.
Institutional Trading of Bae Systems
Institutional investors have recently modified their holdings of the company. Rhumbline Advisers lifted its holdings 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 purchasing an additional 897 shares during the last quarter. RNC Capital Management LLC boosted its position 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 worth $683,000 after buying an additional 168 shares during the period. Corient IA LLC acquired a new position in Bae Systems during the first quarter valued at $805,000. Atlas Capital Advisors Inc. lifted its stake in 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 acquiring an additional 1,024 shares in the last quarter. Finally, L & S Advisors Inc acquired a new stake in Bae Systems during the 1st quarter worth about $1,078,000. Institutional investors and hedge funds 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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