Shares of BAE Systems plc (OTCMKTS:BAESF – Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $27.04 and traded as low as $23.72. BAE Systems shares last traded at $23.72, with a volume of 31,312 shares.
BAE Systems Price Performance
The firm’s 50-day simple moving average is $27.02 and its 200-day simple moving average is $27.04.
Institutional Trading of BAE Systems
A hedge fund recently bought a new stake in BAE Systems stock. Saranac Partners Ltd bought a new stake in shares of BAE Systems plc (OTCMKTS:BAESF – Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 259,233 shares of the company’s stock, valued at approximately $7,160,000. BAE Systems makes up about 1.3% of Saranac Partners Ltd’s portfolio, making the stock its 17th biggest position. 40.72% of the stock is owned by institutional investors and hedge funds.
BAE Systems Company Profile
BAE Systems PLC is a British multinational defence, security and aerospace company formed in 1999 through the merger of British Aerospace and Marconi Electronic Systems. Headquartered in London, the company operates across the full lifecycle of military and security platforms, from concept and design through production, in-service support and upgrades. BAE Systems is recognized for delivering advanced technology solutions to governments and prime contractors around the world.
In its aerospace segment, BAE Systems designs and manufactures combat aircraft, electronic warfare systems and unmanned aerial vehicles.
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