Shares of BAE Systems plc (OTCMKTS:BAESF – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.79 and traded as high as $21.24. BAE Systems shares last traded at $20.41, with a volume of 12,149 shares.
BAE Systems Stock Performance
The firm has a 50 day moving average price of $18.29 and a 200-day moving average price of $16.85.
Hedge Funds Weigh In On BAE Systems
A hedge fund recently raised its stake in BAE Systems stock. GAMMA Investing LLC boosted its stake in BAE Systems plc (OTCMKTS:BAESF – Free Report) by 311.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,187 shares of the company’s stock after purchasing an additional 4,683 shares during the quarter. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 as of its most recent SEC filing. 40.72% of the stock is currently owned by institutional investors.
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.
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