Bae Systems (OTCMKTS:BAESY) Shares Gap Up – What’s Next?

Bae Systems PLC (OTCMKTS:BAESY)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $99.68, but opened at $105.49. Bae Systems shares last traded at $106.60, with a volume of 16,708 shares.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Kepler Capital Markets raised Bae Systems from a “hold” rating to a “buy” rating in a report on Wednesday, June 24th. Erste Group Bank lowered shares of Bae Systems from a “buy” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a report on Thursday, June 25th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Bae Systems Price Performance

The stock has a 50-day moving average price of $104.05 and a 200 day moving average price of $108.48. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87.

Hedge Funds Weigh In On Bae Systems

Large investors have recently added to or reduced their stakes in the stock. Altrius Capital Management Inc lifted its holdings in Bae Systems by 5.5% during the fourth quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after purchasing an additional 4,911 shares in the last quarter. Ramirez Asset Management Inc. raised its position in shares of Bae Systems by 6.8% during the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock worth $6,512,000 after purchasing an additional 4,527 shares during the last quarter. First Merchants Corp lifted its stake in Bae Systems by 1.3% in the 1st quarter. First Merchants Corp now owns 68,422 shares of the aerospace company’s stock valued at $7,940,000 after buying an additional 854 shares in the last quarter. Arrow Capital Pty Ltd acquired a new stake in Bae Systems in the 3rd quarter worth about $5,531,000. Finally, Sit Investment Associates Inc. boosted its holdings in Bae Systems by 2.6% in the 4th quarter. Sit Investment Associates Inc. now owns 35,476 shares of the aerospace company’s stock worth $3,295,000 after buying an additional 910 shares during the last quarter. 0.21% of the stock is currently owned by institutional investors and hedge funds.

About Bae Systems

BAE Systems plc is a global defense, security and aerospace company that designs, develops and manufactures a broad range of military and related products and services. Formed in 1999 through the combination of British Aerospace and Marconi Electronic Systems, the company supplies platforms, systems and support across air, land, maritime and cyber domains. Its portfolio spans combat and support aircraft systems, naval shipbuilding and subsystems, armored and land combat solutions, electronic and sensor systems, munitions, and intelligence, surveillance and cybersecurity capabilities.

BAE Systems serves government and military customers worldwide, with particularly large footprints in the United Kingdom and the United States as well as operations and sales across Europe, the Middle East, Australia and other markets.