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

Bae Systems PLC (OTCMKTS:BAESY)’s share price passed 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.

Analyst Upgrades and Downgrades

BAESY has been the subject of a number of research analyst reports. Jefferies Financial Group raised Bae Systems from a “hold” rating to a “buy” rating in a report on Friday, August 1st. Erste Group Bank initiated coverage on Bae Systems in a report on Friday, October 3rd. They issued a “buy” rating for the company. The Goldman Sachs Group initiated coverage on Bae Systems in a report on Friday, September 19th. They issued a “buy” rating for the company. Finally, Kepler Capital Markets lowered Bae Systems from a “hold” rating to a “reduce” rating in a report on Monday, July 7th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Bae Systems Price Performance

The company has a 50-day moving average price of $102.36 and a 200 day moving average price of $99.45.

Institutional Trading of Bae Systems

Several hedge funds have recently modified their holdings of the company. Salomon & Ludwin LLC raised its holdings in shares of Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after acquiring an additional 252 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of Bae Systems by 7.0% during the 3rd quarter. Confluence Investment Management LLC now owns 12,215 shares of the aerospace company’s stock worth $1,365,000 after acquiring an additional 802 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Bae Systems by 16.1% during the 3rd quarter. GAMMA Investing LLC now owns 3,294 shares of the aerospace company’s stock worth $368,000 after acquiring an additional 456 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Bae Systems by 2.9% during the 2nd quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock worth $593,000 after acquiring an additional 158 shares in the last quarter. Finally, L & S Advisors Inc raised its holdings in shares of Bae Systems by 27.2% during the 2nd quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after acquiring an additional 3,562 shares in the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

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.