Shares of BAE Systems plc (OTCMKTS:BAESF) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $6.68 and traded as high as $7.32. BAE Systems shares last traded at $7.24, with a volume of 1,250 shares changing hands.
The business’s 50-day moving average is $7.30 and its two-hundred day moving average is $6.68.
A hedge fund recently raised its stake in BAE Systems stock. Griffin Asset Management Inc. lifted its holdings in shares of BAE Systems plc (OTCMKTS:BAESF) by 11.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,825 shares of the company’s stock after acquiring an additional 1,825 shares during the quarter. Griffin Asset Management Inc.’s holdings in BAE Systems were worth $125,000 at the end of the most recent quarter.
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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