CAE (NYSE:CAE) Share Price Passes Above 200 Day Moving Average - Time to Sell?

CAE Inc. (NYSE:CAE - Get Free Report) TSE: CAE's share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.90 and traded as high as $24.17. CAE shares last traded at $24.05, with a volume of 615,678 shares trading hands.

Analyst Ratings Changes

Several research analysts recently issued reports on CAE shares. StockNews.com raised shares of CAE from a "hold" rating to a "buy" rating in a research report on Thursday, November 14th. Cibc World Mkts cut CAE from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 4th. Desjardins raised CAE from a "hold" rating to a "buy" rating in a research note on Monday, December 23rd. Finally, TD Securities cut CAE from a "buy" rating to a "hold" rating in a research report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $25.00.

CAE Stock Up 0.3 %

The firm has a market capitalization of $7.69 billion, a price-to-earnings ratio of -31.36, a P/E/G ratio of 1.76 and a beta of 1.72. The firm has a fifty day moving average price of $23.44 and a 200 day moving average price of $19.97. The company has a current ratio of 0.84, a quick ratio of 0.59 and a debt-to-equity ratio of 0.62.

Hedge Funds Weigh In On CAE

A number of institutional investors and hedge funds have recently bought and sold shares of CAE. Cromwell Holdings LLC raised its holdings in shares of CAE by 103.4% in the third quarter. Cromwell Holdings LLC now owns 1,800 shares of the aerospace company's stock valued at $34,000 after buying an additional 915 shares during the last quarter. Venturi Wealth Management LLC bought a new position in shares of CAE in the third quarter worth about $74,000. Allworth Financial LP raised its stake in shares of CAE by 26.1% in the third quarter. Allworth Financial LP now owns 6,408 shares of the aerospace company's stock worth $120,000 after acquiring an additional 1,327 shares during the last quarter. US Bancorp DE lifted its position in shares of CAE by 28.9% during the third quarter. US Bancorp DE now owns 8,052 shares of the aerospace company's stock worth $151,000 after purchasing an additional 1,803 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of CAE during the third quarter valued at approximately $197,000. Institutional investors and hedge funds own 67.36% of the company's stock.

About CAE

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.