BAE Systems (OTCMKTS:BAESF) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

BAE Systems plc (OTCMKTS:BAESF) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $16.66 and traded as high as $21.94. BAE Systems shares last traded at $20.54, with a volume of 21,869 shares changing hands.

BAE Systems Trading Down 0.1 %

The firm’s fifty day moving average price is $17.43 and its two-hundred day moving average price is $16.66.

Institutional Investors Weigh In On BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC raised its holdings in shares of BAE Systems plc (OTCMKTS:BAESF) by 311.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,187 shares of the company’s stock after purchasing an additional 4,683 shares during the quarter. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 as of its most recent SEC filing. 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.