BAE Systems (OTCMKTS:BAESY) Sets New 1-Year High – Here’s What Happened

BAE Systems plc (OTCMKTS:BAESY)’s share price hit a new 52-week high on Friday . The company traded as high as $88.00 and last traded at $87.86, with a volume of 276936 shares changing hands. The stock had previously closed at $84.74.

Analyst Upgrades and Downgrades

BAESY has been the topic of a number of research analyst reports. Bank of America restated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th. Berenberg Bank cut shares of BAE Systems from a “strong-buy” rating to a “hold” rating in a report on Monday.

BAE Systems Price Performance

The stock’s 50 day moving average price is $65.94 and its 200-day moving average price is $65.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.03 and a quick ratio of 0.91.

Institutional Trading of BAE Systems

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Principal Street Partners LLC boosted its position in shares of BAE Systems by 99.0% during the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock worth $1,178,000 after acquiring an additional 8,769 shares during the last quarter. Dorsey Wright & Associates lifted its position in BAE Systems by 11.7% during the third quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock valued at $3,775,000 after purchasing an additional 5,936 shares during the last quarter. Altrius Capital Management Inc lifted its holdings in shares of BAE Systems by 3.3% in the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock worth $6,469,000 after acquiring an additional 3,662 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in shares of BAE Systems by 4.3% in the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after acquiring an additional 2,285 shares during the last quarter. Finally, Ramirez Asset Management Inc. lifted its holdings in shares of BAE Systems by 3.4% in the 4th quarter. Ramirez Asset Management Inc. now owns 67,760 shares of the aerospace company’s stock worth $3,899,000 after acquiring an additional 2,211 shares during the last quarter. 0.21% of the stock is owned by hedge funds and other institutional investors.

BAE Systems Company Profile

BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Platforms & Services, Air, Maritime, and Cyber & Intelligence. The Electronic Systems segment offers electronic warfare systems, navigation systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance capabilities, space electronics, and electric drive propulsion systems.