Thales (OTCMKTS:THLEF) Trading 1.4% Higher – Should You Buy?

Thales S.A. (OTCMKTS:THLEF)’s share price was up 1.4% on Monday . The company traded as high as $277.1850 and last traded at $270.10. Approximately 122 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 1,704 shares. The stock had previously closed at $266.4265.

Thales Stock Performance

The company has a 50-day moving average of $274.89 and a 200-day moving average of $281.08.

Hedge Funds Weigh In On Thales

A hedge fund recently raised its stake in Thales stock. Generali Investments CEE investicni spolecnost a.s. grew its position in Thales S.A. (OTCMKTS:THLEF) by 6.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 21,552 shares of the company’s stock after purchasing an additional 1,289 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Thales were worth $6,743,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 20.76% of the company’s stock.

About Thales

Thales SA is a global technology company headquartered in Paris, France, specializing in developing advanced systems and solutions for the aerospace, defense, security, and transportation markets. The company’s core activities encompass the design, integration, and deployment of mission-critical equipment such as avionics and flight management systems, radar and sensor technologies, secure communications networks, and digital identity and cybersecurity platforms.

In the aerospace sector, Thales provides flight avionics, air traffic management solutions, and in-flight entertainment systems to commercial and military customers.