BAE Systems (OTCMKTS:BAESF) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of BAE Systems plc (OTCMKTS:BAESF) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.90 and traded as high as $24.00. BAE Systems shares last traded at $22.63, with a volume of 28,659 shares traded.

BAE Systems Trading Up 2.9%

The company’s 50-day moving average price is $21.62 and its 200-day moving average price is $17.90.

Institutional Investors Weigh In On BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC lifted its stake in shares of BAE Systems plc (OTCMKTS:BAESF) by 1,551.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,176 shares of the company’s stock after acquiring an additional 95,989 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $2,062,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 40.72% of the company’s stock.

BAE Systems Company Profile

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.