BAE Systems (OTCMKTS:BAESF) Stock Crosses Above 200 Day Moving Average – Should You Sell?

BAE Systems plc (OTCMKTS:BAESF)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $17.90 and traded as high as $24.00. BAE Systems shares last traded at $22.63, with a volume of 28,659 shares trading hands.

BAE Systems Price Performance

The business’s 50-day moving average is $21.62 and its two-hundred day moving average is $17.90.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC boosted its holdings in BAE Systems plc (OTCMKTS:BAESF) by 1,551.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,176 shares of the company’s stock after purchasing an additional 95,989 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $2,062,000 as of its most recent filing with the Securities and Exchange Commission. 40.72% of the stock is owned by hedge funds and other institutional investors.

BAE Systems Company Profile

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.