Thales (OTCMKTS:THLEF) Shares Up 1.4% – Still a Buy?

Shares of Thales S.A. (OTCMKTS:THLEF) traded up 1.4% during trading on Monday . The stock traded as high as $277.1850 and last traded at $270.10. 122 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,704 shares. The stock had previously closed at $266.4265.

Thales Stock Performance

The stock’s 50 day moving average price is $275.88 and its two-hundred day moving average price is $281.40.

Hedge Funds Weigh In On Thales

An institutional investor recently raised its position in Thales stock. Generali Investments CEE investicni spolecnost a.s. grew its stake in shares of Thales S.A. (OTCMKTS:THLEF) by 6.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,552 shares of the company’s stock after acquiring an additional 1,289 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.’s holdings in Thales were worth $6,743,000 at the end of the most recent quarter. 20.76% of the stock is currently owned by institutional investors and hedge funds.

About Thales

Thales SA is a global technology company headquartered in Paris, France, specializing in developing advanced systems and solutions for the aerospace, defense, security, and transportation markets. The company’s core activities encompass the design, integration, and deployment of mission-critical equipment such as avionics and flight management systems, radar and sensor technologies, secure communications networks, and digital identity and cybersecurity platforms.

In the aerospace sector, Thales provides flight avionics, air traffic management solutions, and in-flight entertainment systems to commercial and military customers.