Shares of BAE Systems plc (OTCMKTS:BAESF) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $6.30 and traded as high as $6.92. BAE Systems shares last traded at $6.85, with a volume of 3,345 shares.
The stock has a 50 day moving average price of $6.64 and a 200-day moving average price of $6.30.
An institutional investor recently raised its position in BAE Systems stock. Griffin Asset Management Inc. lifted its position in BAE Systems plc (OTCMKTS:BAESF) by 33.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,000 shares of the company’s stock after buying an additional 4,000 shares during the period. Griffin Asset Management Inc.’s holdings in BAE Systems were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
BAE Systems plc provides defense, aerospace, and security solutions worldwide. The company operates through five segments: Electronic Systems, Cyber & Intelligence, Platforms & Services (US), Air, and Maritime. The Electronic Systems segment offers electronic warfare systems and electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, military communication systems and data links, persistent surveillance systems, and hybrid electric drive systems.
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