BAE Systems (OTCMKTS:BAESY) Stock Crosses Above 200 Day Moving Average

BAE Systems (OTCMKTS:BAESY) shares have crossed above their 200-day moving average, trading at $0.40 with a volume of 99,307 shares. Citigroup upgraded the stock from "neutral" to "buy". The company recently announced a dividend of $0.6333, payable on December 9th, with an ex-dividend date of October 25th. Institutional investors have increased their holdings, with GAMMA Investing LLC raising its position by 20.8%. BAE Systems provides defense, aerospace, and security solutions globally, operating through five segments.

BAE Systems plc (OTCMKTS:BAESY - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $68.16 and traded as high as $69.40. BAE Systems shares last traded at $69.40, with a volume of 99,307 shares.

Analyst Upgrades and Downgrades

Semiconductor stocks soar on federal funding, hope for rate cuts

Separately, Citigroup upgraded BAE Systems from a "neutral" rating to a "buy" rating in a research report on Monday, July 29th.

View Our Latest Report on BAE Systems

BAE Systems Price Performance

The firm has a fifty day simple moving average of $68.06 and a two-hundred day simple moving average of $68.16.

BAE Systems Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, December 9th. Shareholders of record on Friday, October 25th will be issued a $0.6333 dividend. The ex-dividend date of this dividend is Friday, October 25th.

Institutional Trading of BAE Systems

A number of institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC raised its position in BAE Systems by 20.8% in the second quarter. GAMMA Investing LLC now owns 1,870 shares of the aerospace company's stock worth $125,000 after acquiring an additional 322 shares during the period. Atlas Capital Advisors LLC raised its holdings in shares of BAE Systems by 68.9% during the 2nd quarter. Atlas Capital Advisors LLC now owns 4,044 shares of the aerospace company's stock worth $270,000 after acquiring an additional 1,650 shares in the last quarter. Rhumbline Advisers lifted its position in BAE Systems by 29.3% during the second quarter. Rhumbline Advisers now owns 4,593 shares of the aerospace company's stock valued at $307,000 after purchasing an additional 1,042 shares during the last quarter. Confluence Investment Management LLC purchased a new stake in shares of BAE Systems in the second quarter valued at $682,000. Finally, Altrius Capital Management Inc lifted its stake in BAE Systems by 2.3% in the third quarter. Altrius Capital Management Inc now owns 109,506 shares of the aerospace company's stock worth $7,266,000 after purchasing an additional 2,470 shares during the last quarter. Institutional investors own 0.21% of the company's stock.

BAE Systems Company Profile

(Get Free Report)

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.

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