BAE Systems (OTCMKTS:BAESF) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

BAE Systems plc (OTCMKTS:BAESF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $17.20 and traded as high as $24.60. BAE Systems shares last traded at $22.67, with a volume of 20,925 shares trading hands.

BAE Systems Trading Down 3.6 %

The firm has a 50-day simple moving average of $19.73 and a two-hundred day simple moving average of $17.20.

Institutional Trading of BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC grew its position in shares of BAE Systems plc (OTCMKTS:BAESF) by 1,551.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 102,176 shares of the company’s stock after purchasing an additional 95,989 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $2,062,000 at the end of the most recent quarter. 40.72% of the stock is owned by hedge funds and other institutional investors.

BAE Systems Company Profile

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.