Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Rolls-Royce shares rose above their 200-day moving average, reaching $19.57 and last trading at $19.40, compared with a 200-day average of $18.23.
• Berenberg Bank upgraded the stock from “Hold” to “Buy,” contributing to an overall analyst consensus rating of “Buy”, including one Strong Buy and three Buy ratings.
• Institutional ownership remains limited at 0.07%, although several investment firms recently initiated or increased positions in the aerospace and defense company.

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) passed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $18.23 and traded as high as $19.57. Rolls-Royce Holdings PLC shares last traded at $19.40, with a volume of 3,370,460 shares trading hands.

Analysts Set New Price Targets

Separately, Berenberg Bank raised shares of Rolls-Royce Holdings PLC from a "hold" rating to a "buy" rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. Based on data from MarketBeat.com, Rolls-Royce Holdings PLC currently has an average rating of "Buy".

Rolls-Royce Holdings PLC Stock Performance

The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 1.34. The company has a 50 day moving average of $20.04 and a 200 day moving average of $18.23.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Institutional investors have recently made changes to their positions in the business. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter valued at approximately $1,963,000. Dorsey Wright & Associates increased its stake in shares of Rolls-Royce Holdings PLC by 2.2% in the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company's stock worth $1,537,000 after buying an additional 2,117 shares during the last quarter. Financial Avengers Inc. raised its holdings in Rolls-Royce Holdings PLC by 18.9% in the fourth quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company's stock valued at $1,241,000 after acquiring an additional 12,525 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in Rolls-Royce Holdings PLC in the fourth quarter valued at $863,000. Finally, GAMMA Investing LLC boosted its stake in Rolls-Royce Holdings PLC by 14.5% during the 2nd quarter. GAMMA Investing LLC now owns 46,688 shares of the aerospace company's stock valued at $899,000 after acquiring an additional 5,916 shares during the last quarter. 0.07% of the stock is owned by institutional investors and hedge funds.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a United Kingdom-based industrial technology company that designs, manufactures and services power systems for civil aerospace, defense and other industrial applications. The company is separate from the automobile manufacturer that bears the Rolls-Royce name.

In its civil aerospace business, Rolls-Royce produces large commercial aircraft engines and provides long-term maintenance, repair and overhaul services. Its defense business supplies engines and power systems for military aircraft, naval vessels and land-based applications.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.