Thales (OTCMKTS:THLEF) Shares Down 4.7% – Here’s What Happened

Thales S.A. (OTCMKTS:THLEF)’s share price was down 4.7% during mid-day trading on Thursday . The stock traded as low as $274.75 and last traded at $274.75. Approximately 29 shares changed hands during trading, a decline of 92% from the average daily volume of 373 shares. The stock had previously closed at $288.3999.

Thales Stock Down 4.7%

The company has a 50 day moving average of $278.15 and a 200 day moving average of $282.49.

Institutional Trading of Thales

A hedge fund recently raised its stake in Thales stock. Ferguson Wellman Capital Management Inc. lifted its holdings in shares of Thales S.A. (OTCMKTS:THLEF) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 542,420 shares of the company’s stock after purchasing an additional 1,574 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Thales were worth $27,973,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 20.76% of the company’s stock.

Thales Company Profile

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.