Shares of BAE Systems plc (OTCMKTS:BAESY - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.76 and traded as high as $67.00. BAE Systems shares last traded at $66.64, with a volume of 472,365 shares trading hands.
Analyst Ratings Changes
Separately, Bank of America reaffirmed an "underperform" rating on shares of BAE Systems in a report on Friday, November 29th.
View Our Latest Stock Analysis on BAESY
BAE Systems Price Performance
The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72. The firm's 50 day moving average price is $60.79 and its two-hundred day moving average price is $64.87.
Institutional Trading of BAE Systems
A number of hedge funds have recently added to or reduced their stakes in BAESY. Sit Investment Associates Inc. raised its stake in shares of BAE Systems by 4.3% during the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company's stock worth $3,166,000 after purchasing an additional 2,285 shares during the last quarter. Ramirez Asset Management Inc. raised its stake in shares of BAE Systems by 3.4% during the 4th 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 in the last quarter. Altrius Capital Management Inc lifted its holdings in shares of BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company's stock valued at $6,469,000 after buying an additional 3,662 shares during the period. Nisa Investment Advisors LLC acquired a new position in BAE Systems during the fourth quarter worth $26,000. Finally, Dorsey Wright & Associates raised its position in BAE Systems by 11.7% in the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company's stock worth $3,775,000 after acquiring an additional 5,936 shares in the last quarter. 0.21% of the stock is owned by institutional investors and hedge funds.
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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