BAE Systems (OTCMKTS:BAESY) Stock Passes Above 200 Day Moving Average – Here’s Why

BAE Systems plc (OTCMKTS:BAESY) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $68.12 and traded as high as $69.20. BAE Systems shares last traded at $68.88, with a volume of 124,782 shares traded.

Analyst Ratings Changes

Separately, Citigroup upgraded shares of BAE Systems from a “neutral” rating to a “buy” rating in a research report on Monday, July 29th.

BAE Systems Price Performance

The company’s 50 day simple moving average is $68.63 and its 200-day simple moving average is $68.12.

BAE Systems Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, December 9th. Investors of record on Friday, October 25th will be paid a dividend of $0.6333 per share. The ex-dividend date is Friday, October 25th.

Institutional Trading of BAE Systems

A number of large investors have recently made changes to their positions in BAESY. Rhumbline Advisers increased its position in shares of BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company’s stock worth $307,000 after acquiring an additional 1,042 shares during the period. Atlas Capital Advisors LLC increased its holdings in BAE Systems by 68.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company’s stock worth $270,000 after purchasing an additional 1,650 shares during the period. GAMMA Investing LLC increased its holdings in BAE Systems by 20.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company’s stock worth $125,000 after purchasing an additional 322 shares during the period. Finally, Confluence Investment Management LLC bought a new stake in BAE Systems during the 2nd quarter valued at $682,000. 0.21% of the stock is owned by hedge funds and other institutional investors.

About BAE Systems

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.