BAE Systems (OTCMKTS:BAESF) Stock Passes Above 200-Day Moving Average – Here’s What Happened

BAE Systems plc (OTCMKTS:BAESF)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.22 and traded as high as $16.98. BAE Systems shares last traded at $16.52, with a volume of 109,618 shares.

BAE Systems Trading Up 3.3 %

The stock has a fifty day moving average of $15.09 and a 200 day moving average of $16.22.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BAE Systems stock. GAMMA Investing LLC raised its stake in BAE Systems plc (OTCMKTS:BAESF) by 311.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,187 shares of the company’s stock after acquiring an additional 4,683 shares during the quarter. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 40.72% of the company’s stock.

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.