BAE Systems (OTCMKTS:BAESF) Share Price Passes Above 200-Day Moving Average of $8.79

Shares of BAE Systems plc (OTCMKTS:BAESF – Get Rating) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.79 and traded as high as $9.42. BAE Systems shares last traded at $9.31, with a volume of 2,065 shares.

The business’s fifty day simple moving average is $9.50 and its 200 day simple moving average is $8.79.

A hedge fund recently raised its stake in BAE Systems stock. Cullen Capital Management LLC lifted its holdings in shares of BAE Systems plc (OTCMKTS:BAESF – Get Rating) by 1.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 767,015 shares of the company’s stock after buying an additional 9,984 shares during the period. Cullen Capital Management LLC’s holdings in BAE Systems were worth $7,229,000 at the end of the most recent reporting period.

About BAE Systems (OTCMKTS:BAESF)

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, 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 systems, space electronics, and electric drive propulsion systems.

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