Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.46 and traded as high as $10.66. Rolls-Royce Holdings plc shares last traded at $10.60, with a volume of 4,432,195 shares traded.

Wall Street Analyst Weigh In

RYCEY has been the subject of several research analyst reports. Citigroup downgraded shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th. Vertical Research upgraded Rolls-Royce Holdings plc to a “strong-buy” rating in a report on Friday, February 28th.

Rolls-Royce Holdings plc Stock Up 0.4 %

The stock’s 50 day moving average is $8.27 and its two-hundred day moving average is $7.49.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

Several hedge funds have recently modified their holdings of RYCEY. Boothe Investment Group Inc. bought a new position in Rolls-Royce Holdings plc in the fourth quarter worth approximately $8,489,000. Henry James International Management Inc. raised its position in shares of Rolls-Royce Holdings plc by 1.6% in the 4th quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock worth $6,962,000 after acquiring an additional 15,436 shares in the last quarter. HighPoint Advisor Group LLC lifted its stake in shares of Rolls-Royce Holdings plc by 17.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock worth $233,000 after purchasing an additional 4,431 shares during the last quarter. Financial Avengers Inc. boosted its position in Rolls-Royce Holdings plc by 32.6% during the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in Rolls-Royce Holdings plc by 35.7% during the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after purchasing an additional 6,727 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings plc Company Profile

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.