Bae Systems (OTCMKTS:BAESY) Shares Gap Down – What’s Next?

Bae Systems PLC (OTCMKTS:BAESY)’s stock price gapped down prior to trading on Monday . The stock had previously closed at $113.63, but opened at $109.8525. Bae Systems shares last traded at $110.44, with a volume of 5,113 shares changing hands.

Analyst Ratings Changes

A number of brokerages have commented on BAESY. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a research report on Thursday, June 25th. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bae Systems in a report on Tuesday, August 11th. Finally, Royal Bank Of Canada assumed coverage on Bae Systems in a research report on Tuesday, August 11th. They set a “sector perform” rating on the stock. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Bae Systems Stock Down 2.2%

The company’s 50 day moving average is $108.27 and its 200 day moving average is $110.83. The company has a quick ratio of 0.87, a current ratio of 0.99 and a debt-to-equity ratio of 0.60.

Hedge Funds Weigh In On Bae Systems

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Bae Systems by 2.5% during the second quarter. GAMMA Investing LLC now owns 3,969 shares of the aerospace company’s stock worth $389,000 after purchasing an additional 96 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Bae Systems by 0.9% during the 2nd quarter. Confluence Investment Management LLC now owns 13,420 shares of the aerospace company’s stock worth $1,314,000 after buying an additional 115 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Bae Systems by 135.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,983 shares of the aerospace company’s stock worth $464,000 after buying an additional 2,293 shares in the last quarter. Collaborative Fund Advisors LLC acquired a new stake in Bae Systems in the 1st quarter valued at about $897,000. Finally, Sterling Capital Management LLC purchased a new stake in shares of Bae Systems in the first quarter valued at about $1,146,000. 0.21% of the stock is owned by institutional investors and hedge funds.

Bae Systems Company Profile

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.