Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Rolls-Royce shares crossed above their 200-day moving average, reaching $19.6850 before closing at $19.56, compared with a 200-day average of $18.00.
• Analyst sentiment is positive: Berenberg upgraded the stock to “buy,” BNP Paribas Exane initiated coverage with an “outperform” rating, and MarketBeat reports an overall “Buy” consensus.
• Institutional investors have generally increased their holdings, although institutional ownership remains limited at approximately 0.07% of outstanding shares.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.00 and traded as high as $19.6850. Rolls-Royce Holdings PLC shares last traded at $19.56, with a volume of 924,796 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently commented on RYCEY shares. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a "hold" rating to a "buy" rating in a research report on Friday, June 12th. BNP Paribas Exane initiated coverage on Rolls-Royce Holdings PLC in a report on Friday, May 29th. They issued an "outperform" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, the company has an average rating of "Buy".

Rolls-Royce Holdings PLC Stock Performance

The business's 50 day moving average is $19.82 and its 200-day moving average is $18.00. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

Institutional Trading of Rolls-Royce Holdings PLC

Several institutional investors have recently modified their holdings of RYCEY. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Rolls-Royce Holdings PLC during the first quarter worth about $1,963,000. Dorsey Wright & Associates lifted its stake in Rolls-Royce Holdings PLC by 2.2% in the 4th quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company's stock valued at $1,537,000 after buying an additional 2,117 shares in the last quarter. Rhumbline Advisers boosted its holdings in Rolls-Royce Holdings PLC by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock worth $1,103,000 after buying an additional 1,205 shares during the last quarter. Financial Avengers Inc. boosted its holdings in Rolls-Royce Holdings PLC by 18.9% in the 4th quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company's stock worth $1,241,000 after buying an additional 12,525 shares during the last quarter. Finally, AdvisorShares Investments LLC boosted its holdings in Rolls-Royce Holdings PLC by 2.8% in the 4th quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company's stock worth $1,075,000 after buying an additional 1,881 shares during the last quarter. Institutional investors and hedge funds own 0.07% of the company's stock.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a United Kingdom-based engineering and technology company that designs, manufactures and services power systems for the civil aerospace, defense and power systems markets. Its operations are conducted through businesses focused on high-performance propulsion, energy generation and related support services.

In civil aerospace, Rolls-Royce develops large aircraft engines and provides aftermarket maintenance, repair and overhaul services, as well as long-term engine support programs.

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