Bae Systems (OTCMKTS:BAESY) Shares Down 4.4% – Time to Sell?
by Doug Wharley · The Cerbat GemShares of Bae Systems PLC (OTCMKTS:BAESY – Get Free Report) dropped 4.4% on Tuesday . The stock traded as low as $116.59 and last traded at $116.9150. Approximately 40,958 shares were traded during trading, a decline of 92% from the average daily volume of 506,116 shares. The stock had previously closed at $122.25.
Wall Street Analyst Weigh In
Several equities research analysts have commented on the stock. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a report on Wednesday, February 18th. Kepler Capital Markets raised shares of Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein downgraded shares of Bae Systems from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Bae Systems currently has an average rating of “Moderate Buy”.
View Our Latest Research Report on BAESY
Bae Systems Trading Down 4.8%
The company has a 50-day moving average price of $117.86 and a two-hundred day moving average price of $105.72. The company has a current ratio of 0.99, a quick ratio of 0.87 and a debt-to-equity ratio of 0.60.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in BAESY. Arrow Capital Pty Ltd bought a new position in shares of Bae Systems in the third quarter worth $5,531,000. Altrius Capital Management Inc boosted its stake in Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after buying an additional 4,911 shares during the period. Ramirez Asset Management Inc. grew its position in Bae Systems by 6.8% during the fourth quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after buying an additional 4,527 shares in the last quarter. First Merchants Corp increased its stake in Bae Systems by 4.8% in the 3rd quarter. First Merchants Corp now owns 65,230 shares of the aerospace company’s stock worth $7,233,000 after acquiring an additional 2,978 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC bought a new position in Bae Systems in the 4th quarter worth about $250,000. 0.21% of the stock is currently owned by hedge funds and other institutional investors.
About Bae Systems
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.