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

Bae Systems PLC (OTCMKTS:BAESY)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $113.63, but opened at $109.8525. Bae Systems shares last traded at $110.44, with a volume of 5,113 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Morgan Stanley restated an “overweight” rating on shares of Bae Systems in a research report on Thursday, June 25th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Bae Systems in a research note on Tuesday, August 11th. Erste Group Bank downgraded shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Kepler Capital Markets raised shares of Bae Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, June 24th. Finally, Royal Bank Of Canada initiated coverage on Bae Systems in a research note on Tuesday, August 11th. They set a “sector perform” rating on the stock. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Bae Systems Trading Down 2.2%

The stock’s 50 day simple moving average is $108.27 and its two-hundred day simple moving average is $110.83. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.87 and a current ratio of 0.99.

Institutional Investors Weigh In On Bae Systems

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sterling Capital Management LLC acquired a new stake in Bae Systems during the 1st quarter worth approximately $1,146,000. Collaborative Fund Advisors LLC acquired a new stake in shares of Bae Systems in the first quarter worth $897,000. Altrius Capital Management Inc lifted its holdings in shares of Bae Systems by 5.5% during the 4th quarter. Altrius Capital Management Inc now owns 93,878 shares of the aerospace company’s stock valued at $8,719,000 after acquiring an additional 4,911 shares in the last quarter. Ramirez Asset Management Inc. increased its holdings in Bae Systems by 6.8% in the 4th quarter. Ramirez Asset Management Inc. now owns 70,620 shares of the aerospace company’s stock valued at $6,512,000 after purchasing an additional 4,527 shares in the last quarter. Finally, L & S Advisors Inc lifted its stake in shares of Bae Systems by 14.1% during the fourth quarter. L & S Advisors Inc now owns 21,507 shares of the aerospace company’s stock worth $1,998,000 after purchasing an additional 2,662 shares in 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.