Bae Systems (OTCMKTS:BAESY) Sees Strong Trading Volume – Here’s What Happened

Bae Systems PLC (OTCMKTS:BAESY) saw an uptick in trading volume on Monday . 1,015,155 shares changed hands during mid-day trading, an increase of 128% from the previous session’s volume of 444,299 shares.The stock last traded at $90.8755 and had previously closed at $91.03.

Wall Street Analysts Forecast Growth

BAESY has been the subject of several recent analyst reports. The Goldman Sachs Group began coverage on Bae Systems in a research note on Friday, September 19th. They set a “buy” rating for the company. Erste Group Bank assumed coverage on Bae Systems in a research report on Friday, October 3rd. They set a “buy” rating for the company. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

Bae Systems Trading Up 0.8%

The company has a 50 day moving average of $95.05 and a 200-day moving average of $99.51.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Hantz Financial Services Inc. boosted its position in Bae Systems by 73.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after buying an additional 138 shares during the period. Rhumbline Advisers raised its stake in shares of Bae Systems by 2.9% in the second quarter. Rhumbline Advisers now owns 5,643 shares of the aerospace company’s stock valued at $593,000 after acquiring an additional 158 shares in the last quarter. RNC Capital Management LLC boosted its holdings in Bae Systems by 2.1% in the first quarter. RNC Capital Management LLC now owns 8,303 shares of the aerospace company’s stock valued at $683,000 after purchasing an additional 168 shares during the period. Salomon & Ludwin LLC grew its stake in Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock worth $29,000 after purchasing an additional 252 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in Bae Systems during the 3rd quarter worth about $44,000. 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.