Thales (OTCMKTS:THLEF) Trading 0.2% Higher – Still a Buy?

Shares of Thales S.A. (OTCMKTS:THLEF) were up 0.2% during mid-day trading on Monday . The company traded as high as $258.4775 and last traded at $258.4775. Approximately 80 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 1,568 shares. The stock had previously closed at $257.8499.

Thales Trading Up 0.2%

The stock has a fifty day simple moving average of $288.04 and a 200 day simple moving average of $285.17.

Institutional Investors Weigh In On Thales

A hedge fund recently raised its stake in Thales stock. Generali Investments CEE investicni spolecnost a.s. lifted its holdings in Thales S.A. (OTCMKTS:THLEF) by 6.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,552 shares of the company’s stock after buying 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 reporting period. 20.76% of the stock is owned by institutional investors and hedge funds.

Thales Company Profile

Thales SA provides various solutions in the defence and security, aerospace and space, digital identity and security, and transport markets worldwide. It operates through Aerospace, Defence & Security, Digital Identity & Security, and Ground Transportation Systems business segments. The company offers communications, command, and control systems; mission services and support; protection and mission/combat systems; surveillance, detection, and intelligence systems; training and simulation solutions for air, land, naval, and joint forces; and digital identity and security solutions.