BAE Systems (OTCMKTS:BAESF) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

BAE Systems plc (OTCMKTS:BAESF) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $16.66 and traded as high as $21.94. BAE Systems shares last traded at $20.54, with a volume of 21,869 shares trading hands.

BAE Systems Stock Performance

The firm has a 50 day simple moving average of $17.43 and a two-hundred day simple moving average of $16.66.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BAE Systems stock. GAMMA Investing LLC raised its position in BAE Systems plc (OTCMKTS:BAESF) by 311.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC. 40.72% of the stock is currently owned by hedge funds and other institutional investors.

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.