Bae Systems (OTCMKTS:BAESY) Reaches New 52-Week High – Should You Buy?

Shares of Bae Systems PLC (OTCMKTS:BAESY) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $119.79 and last traded at $119.51, with a volume of 62556 shares traded. The stock had previously closed at $116.00.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BAESY. Kepler Capital Markets upgraded Bae Systems from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Sanford C. Bernstein cut Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Finally, Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, Bae Systems presently has an average rating of “Moderate Buy”.

Bae Systems Price Performance

The company has a debt-to-equity ratio of 0.64, a current ratio of 0.96 and a quick ratio of 0.84. The business has a 50-day simple moving average of $106.69 and a 200 day simple moving average of $101.07.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Altrius Capital Management Inc boosted its stake in shares of Bae Systems by 5.5% in the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after acquiring an additional 4,911 shares during the period. Ramirez Asset Management Inc. lifted its holdings in shares of Bae Systems by 6.8% in the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after buying an additional 4,527 shares in the last quarter. First Merchants Corp boosted its position in shares of Bae Systems by 3.6% during the fourth quarter. First Merchants Corp now owns 67,568 shares of the aerospace company’s stock worth $6,231,000 after acquiring an additional 2,338 shares during the last quarter. Arrow Capital Pty Ltd purchased a new position in Bae Systems during the third quarter valued at $5,531,000. Finally, Sit Investment Associates Inc. increased its holdings in Bae Systems by 2.6% in the 4th quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock valued at $3,295,000 after acquiring an additional 910 shares during the last quarter. Institutional investors own 0.21% of the company’s stock.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.