Bae Systems (OTCMKTS:BAESY) Sees Unusually-High Trading Volume – Time to Buy?

by · The Markets Daily

Bae Systems PLC (OTCMKTS:BAESY – Get Free Report) shares saw unusually-high trading volume on Monday . Approximately 1,015,155 shares traded hands during mid-day trading, an increase of 128% from the previous session’s volume of 444,299 shares.The stock last traded at $90.8755 and had previously closed at $91.03.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Erste Group Bank assumed coverage on Bae Systems in a report on Friday, October 3rd. They issued a “buy” rating on the stock. The Goldman Sachs Group assumed coverage on shares of Bae Systems in a research report on Friday, September 19th. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Bae Systems presently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on BAESY

Bae Systems Stock Down 0.9%

The business has a 50 day simple moving average of $95.82 and a 200-day simple moving average of $99.71.

Hedge Funds Weigh In On Bae Systems

Institutional investors have recently bought and sold shares of the company. L & S Advisors Inc increased its holdings in shares of Bae Systems by 27.2% during the 2nd quarter. L & S Advisors Inc now owns 16,669 shares of the aerospace company’s stock worth $1,751,000 after buying an additional 3,562 shares during the last quarter. First Merchants Corp grew its position in Bae Systems by 9.0% in the second quarter. First Merchants Corp now owns 62,252 shares of the aerospace company’s stock worth $6,437,000 after acquiring an additional 5,144 shares during the period. Corient IA LLC acquired a new stake in Bae Systems during the first quarter worth $805,000. GAMMA Investing LLC raised its position in Bae Systems by 25.6% in the second quarter. GAMMA Investing LLC now owns 2,838 shares of the aerospace company’s stock valued at $298,000 after purchasing an additional 578 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Bae Systems by 19.6% in the 1st quarter. Rhumbline Advisers now owns 5,485 shares of the aerospace company’s stock valued at $451,000 after purchasing an additional 897 shares during the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

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, Platforms & Services, Air, Maritime, and Cyber & Intelligence. 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 capabilities, space electronics, and electric drive propulsion systems.

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