Bae Systems (OTCMKTS:BAESY) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

Shares of Bae Systems PLC (OTCMKTS:BAESY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $109.83 and traded as high as $120.94. Bae Systems shares last traded at $120.01, with a volume of 95,036 shares.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on BAESY shares. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Bae Systems Stock Up 1.4%

The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60. The firm has a fifty day moving average price of $103.48 and a 200 day moving average price of $109.83.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in BAESY. Altrius Capital Management Inc increased its stake in Bae Systems by 5.5% during the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock worth $8,719,000 after buying an additional 4,911 shares in the last quarter. Ramirez Asset Management Inc. increased its holdings in Bae Systems by 6.8% in the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock valued at $6,512,000 after purchasing an additional 4,527 shares during the last quarter. First Merchants Corp raised its holdings in shares of Bae Systems by 1.3% in the 1st quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock valued at $7,940,000 after buying an additional 854 shares during the period. Sit Investment Associates Inc. grew its stake in shares of Bae Systems by 2.6% in the fourth quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock worth $3,295,000 after acquiring an additional 910 shares in the last quarter. Finally, L & S Advisors Inc increased its holdings in Bae Systems by 14.1% during the 4th quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock worth $1,998,000 after purchasing an additional 2,662 shares during the period. 0.21% of the stock is owned by institutional investors and hedge funds.

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.