Shares of Thales S.A. (OTCMKTS:THLEF – Get Free Report) dropped 4.7% during mid-day trading on Thursday . The stock traded as low as $274.75 and last traded at $274.75. Approximately 29 shares changed hands during trading, a decline of 92% from the average daily volume of 373 shares. The stock had previously closed at $288.3999.
Thales Stock Up 2.9%
The stock has a 50-day simple moving average of $278.53 and a 200 day simple moving average of $282.49.
Institutional Trading of Thales
A hedge fund recently raised its stake in Thales stock. Ferguson Wellman Capital Management Inc. raised its stake in Thales S.A. (OTCMKTS:THLEF – Free Report) by 0.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 542,420 shares of the company’s stock after purchasing 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 hedge funds and other institutional investors.
Thales Company Profile
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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