Bae Systems (OTCMKTS:BAESY) Shares Down 4.9% – Here’s Why

Bae Systems PLC (OTCMKTS:BAESY) fell 4.9% during mid-day trading on Thursday . The company traded as low as $98.5510 and last traded at $98.71. 112,097 shares traded hands during trading, a decline of 73% from the average daily volume of 415,956 shares. The stock had previously closed at $103.77.

Analyst Ratings Changes

Several equities analysts recently issued reports on BAESY shares. Morgan Stanley reissued an “overweight” rating on shares of Bae Systems in a report 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, Erste Group Bank cut shares of Bae Systems from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. Three research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Bae Systems Stock Up 0.0%

The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87. The company has a 50 day moving average price of $102.98 and a 200 day moving average price of $109.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Atlas Capital Advisors Inc. bought a new stake in Bae Systems in the 4th quarter valued at $98,000. PNC Financial Services Group Inc. raised its position in Bae Systems by 9.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,690 shares of the aerospace company’s stock worth $157,000 after acquiring an additional 140 shares in the last quarter. Riverbridge Partners LLC acquired a new stake in Bae Systems in the 1st quarter valued at about $221,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Bae Systems during the 1st quarter worth approximately $307,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Bae Systems during the fourth quarter worth $250,000. Institutional investors own 0.21% of the company’s stock.

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.