Thales (OTCMKTS:THLEF) Shares Up 2.1% – Time to Buy?

Thales S.A. (OTCMKTS:THLEF)’s stock price rose 2.1% during mid-day trading on Thursday. The company traded as high as $268.70 and last traded at $264.0999. Approximately 546 shares changed hands during trading, an increase of 54% from the average daily volume of 355 shares. The stock had previously closed at $258.5499.

Thales Trading Down 0.3%

The company’s fifty day moving average price is $264.36 and its 200 day moving average price is $279.60.

Hedge Funds Weigh In On Thales

A hedge fund recently raised its position in Thales stock. Ferguson Wellman Capital Management Inc. lifted its stake in shares of Thales S.A. (OTCMKTS:THLEF) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 542,420 shares of the company’s stock after purchasing an additional 1,574 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Thales were worth $27,973,000 as of its most recent SEC filing. 20.76% of the stock is owned by institutional investors.

Thales Company Profile

Thales is a France-based technology company serving the defense, aerospace, space, cybersecurity and digital identity markets. The company develops mission-critical systems and services for governments, armed forces, airlines, airports, financial institutions and other commercial customers.

Its products and solutions include military radars, air-defense and command systems, secure communications, avionics, in-flight entertainment, satellite systems, cybersecurity services, biometric identification technologies and digital identity platforms.