Thales S.A. (OTCMKTS:THLEF – Get Free Report) shot up 2.1% during mid-day trading on Thursday. The company traded as high as $268.70 and last traded at $264.0999. Approximately 546 shares were traded during mid-day trading, an increase of 54% from the average daily volume of 355 shares. The stock had previously closed at $258.5499.
Thales Trading Up 2.1%
The company’s 50 day moving average price is $265.02 and its 200 day moving average price is $279.90.
Hedge Funds Weigh In On Thales
An institutional investor recently raised its stake in Thales stock. Ferguson Wellman Capital Management Inc. boosted its position in shares of Thales S.A. (OTCMKTS:THLEF – Free Report) by 0.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 542,420 shares of the company’s stock after acquiring an additional 1,574 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Thales were worth $27,973,000 at the end of the most recent reporting period. 20.76% of the stock is owned by institutional investors.
About Thales
Thales is a France-based technology company serving the defense, aerospace, space, cybersecurity and digital identity markets. The company develops mission-critical systems and services for governments, armed forces, airlines, airports, financial institutions and other commercial customers.
Its products and solutions include military radars, air-defense and command systems, secure communications, avionics, in-flight entertainment, satellite systems, cybersecurity services, biometric identification technologies and digital identity platforms.
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