BAE Systems (OTCMKTS:BAESF) Shares Cross Above 200-Day Moving Average – Here’s What Happened

BAE Systems plc (OTCMKTS:BAESF)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.79 and traded as high as $21.24. BAE Systems shares last traded at $20.41, with a volume of 12,149 shares changing hands.

BAE Systems Price Performance

The stock’s 50 day moving average is $18.29 and its two-hundred day moving average is $16.85.

Institutional Investors Weigh In On BAE Systems

An institutional investor recently raised its position in BAE Systems stock. GAMMA Investing LLC increased its position in shares of BAE Systems plc (OTCMKTS:BAESF) by 311.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,187 shares of the company’s stock after buying an additional 4,683 shares during the period. GAMMA Investing LLC’s holdings in BAE Systems were worth $90,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 40.72% of the company’s stock.

About BAE Systems

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.