BAE Systems (OTCMKTS:BAESY) Hits New 12-Month High – Here’s What Happened

Shares of BAE Systems plc (OTCMKTS:BAESY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $89.03 and last traded at $88.79, with a volume of 379471 shares. The stock had previously closed at $87.74.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BAESY. Berenberg Bank cut BAE Systems from a “strong-buy” rating to a “hold” rating in a research report on Monday, March 10th. Bank of America restated an “underperform” rating on shares of BAE Systems in a research report on Friday, November 29th.

BAE Systems Stock Down 2.8 %

The business has a fifty day simple moving average of $69.40 and a 200 day simple moving average of $66.53. The company has a current ratio of 1.03, a quick ratio of 0.91 and a debt-to-equity ratio of 0.72.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Principal Street Partners LLC raised its position in shares of BAE Systems by 99.0% in the third quarter. Principal Street Partners LLC now owns 17,628 shares of the aerospace company’s stock valued at $1,178,000 after buying an additional 8,769 shares during the last quarter. Altrius Capital Management Inc grew its stake in BAE Systems by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 113,168 shares of the aerospace company’s stock valued at $6,469,000 after acquiring an additional 3,662 shares in the last quarter. Nisa Investment Advisors LLC acquired a new stake in BAE Systems in the 4th quarter valued at about $26,000. Dorsey Wright & Associates lifted its stake in BAE Systems by 11.7% in the 3rd quarter. Dorsey Wright & Associates now owns 56,856 shares of the aerospace company’s stock worth $3,775,000 after purchasing an additional 5,936 shares in the last quarter. Finally, Sit Investment Associates Inc. boosted its holdings in shares of BAE Systems by 4.3% during the 4th quarter. Sit Investment Associates Inc. now owns 55,390 shares of the aerospace company’s stock worth $3,166,000 after purchasing an additional 2,285 shares during the last quarter. Hedge funds and other institutional investors own 0.21% of the company’s stock.

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.