Bae Systems (OTCMKTS:BAESY) Shares Down 3.7% - Should You Sell?

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) shares were down 3.7% during mid-day trading on Wednesday . The company traded as low as $99.77 and last traded at $99.87. Approximately 119,778 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 543,688 shares. The stock had previously closed at $103.69.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BAESY shares. Berenberg Bank lowered shares of Bae Systems from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 10th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Bae Systems in a research report on Monday, April 28th. Finally, Bank of America upgraded shares of Bae Systems from an "underperform" rating to a "buy" rating in a research report on Tuesday, June 10th.

Bae Systems Price Performance

The company's 50-day moving average price is $100.12 and its two-hundred day moving average price is $81.71. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Merchants Corp acquired a new position in shares of Bae Systems in the first quarter worth about $4,598,000. GAMMA Investing LLC boosted its holdings in shares of Bae Systems by 26.0% in 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. Rhumbline Advisers boosted its holdings in shares of Bae Systems by 19.6% in the first quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company's stock worth $451,000 after buying an additional 897 shares during the period. Ramirez Asset Management Inc. boosted its holdings in shares of Bae Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company's stock worth $3,899,000 after buying an additional 2,211 shares during the period. Finally, Sit Investment Associates Inc. boosted its holdings in shares of Bae Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after buying an additional 2,285 shares during the period. 0.21% of the stock is currently owned by institutional investors and hedge funds.

About Bae Systems

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.