BAE Systems (OTCMKTS:BAESY) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

BAE Systems plc (OTCMKTS:BAESY)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $64.76 and traded as high as $67.00. BAE Systems shares last traded at $66.64, with a volume of 472,365 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Bank of America reiterated an “underperform” rating on shares of BAE Systems in a report on Friday, November 29th.

BAE Systems Stock Up 2.6 %

The company has a 50 day simple moving average of $60.10 and a 200 day simple moving average of $64.76. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72.

Institutional Investors Weigh In On BAE Systems

Several hedge funds and other institutional investors have recently made changes to their positions in BAESY. Sit Investment Associates Inc. grew its position in BAE Systems by 4.3% in the fourth quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares during the period. Ramirez Asset Management Inc. raised its stake in BAE Systems by 3.4% in the fourth quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock valued at $3,899,000 after buying an additional 2,211 shares in the last quarter. Altrius Capital Management Inc raised its stake in BAE Systems by 3.3% in the fourth quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after buying an additional 3,662 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in shares of BAE Systems during the fourth quarter worth about $26,000. Finally, Dorsey Wright & Associates increased its position in shares of BAE Systems by 11.7% during the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after purchasing an additional 5,936 shares in the last quarter. Institutional investors and hedge funds own 0.21% 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.