Bae Systems (OTCMKTS:BAESY) Trading Down 4.4% – Here’s What Happened

Shares of Bae Systems PLC (OTCMKTS:BAESY) traded down 4.4% on Tuesday . The company traded as low as $116.59 and last traded at $116.9150. 40,958 shares were traded during trading, a decline of 92% from the average session volume of 506,116 shares. The stock had previously closed at $122.25.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Sanford C. Bernstein cut Bae Systems from an “outperform” rating to a “market perform” rating in a research report on Tuesday, January 6th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a research report on Wednesday, February 18th. Finally, Kepler Capital Markets raised Bae Systems from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Bae Systems Stock Performance

The firm has a 50 day moving average of $118.24 and a 200-day moving average of $105.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99.

Institutional Trading of Bae Systems

Several institutional investors and hedge funds have recently added to or reduced their stakes in BAESY. Salomon & Ludwin LLC raised its stake in Bae Systems by 3,150.0% during the 3rd quarter. Salomon & Ludwin LLC now owns 260 shares of the aerospace company’s stock valued at $29,000 after purchasing an additional 252 shares during the period. Hantz Financial Services Inc. raised its stake in Bae Systems by 73.0% during the 3rd quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock valued at $36,000 after purchasing an additional 138 shares during the period. Steigerwald Gordon & Koch Inc. bought a new position in Bae Systems during the third quarter valued at approximately $44,000. Atlas Capital Advisors Inc. bought a new position in Bae Systems during the fourth quarter valued at approximately $98,000. Finally, PNC Financial Services Group Inc. grew its holdings in Bae Systems by 9.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock valued at $157,000 after buying an additional 140 shares in the last quarter. Institutional investors own 0.21% of the company’s stock.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.