BAE Systems (OTCMKTS:BAESY) Reaches New 1-Year High at $63.50

BAE Systems plc (OTCMKTS:BAESYGet Free Report)’s share price reached a new 52-week high on Monday . The company traded as high as $63.50 and last traded at $63.14, with a volume of 229540 shares. The stock had previously closed at $62.40.

Analyst Upgrades and Downgrades

Separately, BNP Paribas downgraded shares of BAE Systems from a “neutral” rating to an “underperform” rating in a report on Thursday, January 18th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $1,142.00.

Check Out Our Latest Stock Analysis on BAE Systems

BAE Systems Stock Performance

The company has a current ratio of 1.07, a quick ratio of 0.97 and a debt-to-equity ratio of 0.47. The company’s 50-day simple moving average is $58.21 and its 200 day simple moving average is $54.32.

Institutional Trading of BAE Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors lifted its position in BAE Systems by 42.3% in the 1st quarter. Captrust Financial Advisors now owns 1,002 shares of the aerospace company’s stock valued at $38,000 after acquiring an additional 298 shares in the last quarter. Operose Advisors LLC bought a new stake in BAE Systems in the 3rd quarter valued at $55,000. GAMMA Investing LLC bought a new stake in BAE Systems in the 4th quarter valued at $81,000. Rhumbline Advisers lifted its position in BAE Systems by 241.0% in the 3rd quarter. Rhumbline Advisers now owns 2,056 shares of the aerospace company’s stock valued at $102,000 after acquiring an additional 1,453 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in BAE Systems by 16.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,633 shares of the aerospace company’s stock worth $176,000 after buying an additional 642 shares in the last quarter. Institutional investors and hedge funds own 0.34% of the company’s stock.

BAE Systems Company Profile

(Get Free Report)

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. 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 systems, space electronics, and electric drive propulsion systems.

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