Thales (OTCMKTS:THLEF) Shares Down 5.1% – What’s Next?
by Tristan Rich · The Markets DailyThales S.A. (OTCMKTS:THLEF – Get Free Report) shares traded down 5.1% during trading on Thursday. The stock traded as low as $239.60 and last traded at $239.60. Approximately 41 shares were traded during trading, a decline of 88% from the average session volume of 350 shares. The stock had previously closed at $252.47.
Thales Price Performance
The firm has a 50 day moving average price of $279.05 and a two-hundred day moving average price of $276.34.
Institutional Inflows and Outflows
An institutional investor recently raised its stake in Thales stock. Ferguson Wellman Capital Management Inc. grew its position in Thales S.A. (OTCMKTS:THLEF – Free Report) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 542,420 shares of the company’s stock after purchasing an additional 1,574 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in Thales were worth $27,973,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 20.76% of the company’s stock.
Thales Company Profile
Thales is a French technology and defense company that develops systems and services for the aerospace, defense, security, digital identity, transportation and space markets. Its offerings include avionics, air traffic management systems, radar and electronic warfare equipment, secure communications, cybersecurity solutions, digital identity technologies and satellite-related systems.
The company serves governments, armed forces, aerospace manufacturers, airlines, transportation operators, financial institutions and other commercial organizations.