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

Bae Systems PLC (OTCMKTS:BAESY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $106.48, but opened at $102.3399. Bae Systems shares last traded at $102.25, with a volume of 23,347 shares trading hands.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of Bae Systems in a research note on Wednesday, February 18th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold”.

Bae Systems Stock Performance

The stock’s 50 day moving average price is $110.91 and its 200 day moving average price is $107.58. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.99 and a quick ratio of 0.87.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Hantz Financial Services Inc. boosted its stake in Bae Systems by 73.0% during the third quarter. Hantz Financial Services Inc. now owns 327 shares of the aerospace company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Bae Systems during the fourth quarter worth $98,000. PNC Financial Services Group Inc. boosted its stake 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 bought a new position in Bae Systems during the first quarter worth $221,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Bae Systems during the fourth quarter worth $250,000. 0.21% of the stock is owned by institutional investors.

Bae Systems Company Profile

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.