BAE Systems (OTCMKTS:BAESF) Shares Pass Above 200 Day Moving Average – Here’s Why

BAE Systems plc (OTCMKTS:BAESF)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $16.46 and traded as high as $21.80. BAE Systems shares last traded at $20.73, with a volume of 143,166 shares traded.

BAE Systems Trading Up 3.3 %

The firm has a fifty day simple moving average of $16.34 and a 200 day simple moving average of $16.46.

Institutional Inflows and Outflows

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