Thales (OTCMKTS:THLEF) Stock Price Up 2.2% – Here’s What Happened

Shares of Thales S.A. (OTCMKTS:THLEF) rose 2.2% during mid-day trading on Monday . The stock traded as high as $323.35 and last traded at $322.00. Approximately 420 shares were traded during trading, a decline of 6% from the average daily volume of 447 shares. The stock had previously closed at $315.10.

Thales Trading Up 2.2%

The business has a fifty day simple moving average of $272.92 and a two-hundred day simple moving average of $280.99.

Hedge Funds Weigh In On Thales

An institutional investor recently raised its position in Thales stock. Generali Investments CEE investicni spolecnost a.s. raised its position in shares of Thales S.A. (OTCMKTS:THLEF) by 6.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,552 shares of the company’s stock after buying an additional 1,289 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Thales were worth $6,743,000 at the end of the most recent reporting period. Institutional investors own 20.76% of the company’s stock.

Thales Company Profile

Thales SA is a global technology company headquartered in Paris, France, specializing in developing advanced systems and solutions for the aerospace, defense, security, and transportation markets. The company’s core activities encompass the design, integration, and deployment of mission-critical equipment such as avionics and flight management systems, radar and sensor technologies, secure communications networks, and digital identity and cybersecurity platforms.

In the aerospace sector, Thales provides flight avionics, air traffic management solutions, and in-flight entertainment systems to commercial and military customers.