Shares of Thales S.A. (OTCMKTS:THLEF – Get Free Report) dropped 1.3% during trading on Tuesday . The stock traded as low as $267.8130 and last traded at $274.89. Approximately 20 shares traded hands during mid-day trading, a decline of 96% from the average daily volume of 448 shares. The stock had previously closed at $278.45.
Thales Stock Up 3.0%
The firm has a 50 day moving average of $266.43 and a 200 day moving average of $284.82.
Hedge Funds Weigh In On Thales
An institutional investor recently raised its stake in Thales stock. Generali Investments CEE investicni spolecnost a.s. increased its holdings in Thales S.A. (OTCMKTS:THLEF – Free Report) by 16.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,064 shares of the company’s stock after buying an additional 3,512 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Thales were worth $6,761,000 as of its most recent SEC filing. 20.76% of the stock is owned by hedge funds and other institutional investors.
About Thales
Thales SA is a global technology company headquartered in Paris, France, specializing in developing advanced systems and solutions for the aerospace, defense, security, and transportation markets. The company’s core activities encompass the design, integration, and deployment of mission-critical equipment such as avionics and flight management systems, radar and sensor technologies, secure communications networks, and digital identity and cybersecurity platforms.
In the aerospace sector, Thales provides flight avionics, air traffic management solutions, and in-flight entertainment systems to commercial and military customers.
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