Thales (OTCMKTS:THLEF) Trading Down 4.5% – What’s Next?

Thales S.A. (OTCMKTS:THLEF)’s stock price dropped 4.5% during trading on Monday . The company traded as low as $293.96 and last traded at $299.4150. Approximately 238 shares were traded during mid-day trading, a decline of 74% from the average daily volume of 927 shares. The stock had previously closed at $313.50.

Thales Price Performance

The company has a 50-day moving average of $292.68 and a 200 day moving average of $284.96.

Hedge Funds Weigh In On Thales

A hedge fund recently raised its stake in Thales stock. Generali Investments CEE investicni spolecnost a.s. boosted its stake in shares of Thales S.A. (OTCMKTS:THLEF) by 16.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 25,064 shares of the company’s stock after buying an additional 3,512 shares during the period. Generali Investments CEE investicni spolecnost a.s.’s holdings in Thales were worth $6,761,000 at the end of the most recent quarter. 20.76% of the stock is currently owned by institutional investors and hedge funds.

Thales Company Profile

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.