Bae Systems (OTCMKTS:BAESY) Stock Price Passes Above 200 Day Moving Average - Time to Sell?

Bae Systems PLC (OTCMKTS:BAESY - Get Free Report) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $99.45 and traded as high as $100.41. Bae Systems shares last traded at $100.38, with a volume of 381,510 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Kepler Capital Markets lowered Bae Systems from a "hold" rating to a "reduce" rating in a research report on Monday, July 7th. The Goldman Sachs Group assumed coverage on Bae Systems in a research report on Friday, September 19th. They set a "buy" rating on the stock. Jefferies Financial Group upgraded Bae Systems from a "hold" rating to a "buy" rating in a research report on Friday, August 1st. Finally, Erste Group Bank assumed coverage on Bae Systems in a research report on Friday, October 3rd. They set a "buy" rating on the stock. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Bae Systems currently has an average rating of "Moderate Buy".

Bae Systems Price Performance

The firm has a fifty day simple moving average of $102.36 and a two-hundred day simple moving average of $99.45.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in BAESY. Rhumbline Advisers increased its position in 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 buying an additional 158 shares in the last quarter. RNC Capital Management LLC increased its position in Bae Systems by 2.1% during the 1st quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company's stock valued at $683,000 after buying an additional 168 shares in the last quarter. First Horizon Advisors Inc. increased its position in Bae Systems by 49.4% during the 1st quarter. First Horizon Advisors Inc. now owns 620 shares of the aerospace company's stock valued at $51,000 after buying an additional 205 shares in the last quarter. Salomon & Ludwin LLC increased its position in Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company's stock valued at $29,000 after buying an additional 252 shares in the last quarter. Finally, Confluence Investment Management LLC increased its position in Bae Systems by 3.9% during the 2nd quarter. Confluence Investment Management LLC now owns 11,413 shares of the aerospace company's stock valued at $1,199,000 after buying an additional 427 shares in the last quarter. Hedge funds and other institutional investors own 0.21% of the company's stock.

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.

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