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

Key Points

• Rolls-Royce shares crossed above their 200-day moving average, reaching $19.8025 and last trading at $19.71 versus the $18.12 200-day average. The 50-day moving average is higher at $19.93.
• Analyst sentiment is positive: BNP Paribas Exane initiated coverage with an “outperform” rating, while Berenberg upgraded the stock to “buy.” MarketBeat’s consensus rating is currently “Buy,” based on one Strong Buy and three Buy ratings.
• Several institutional investors increased or initiated positions, but hedge funds and other institutions collectively own only 0.07% of the stock. Rolls-Royce operates across civil aerospace, defense, and power systems, including engine services and maintenance programs.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $18.12 and traded as high as $19.8025. Rolls-Royce Holdings PLC shares last traded at $19.71, with a volume of 1,018,863 shares.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. BNP Paribas Exane began coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an "outperform" rating on the stock. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a "hold" rating to a "buy" rating in a report on Friday, June 12th. One equities research 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, the company presently has an average rating of "Buy".

Rolls-Royce Holdings PLC Price Performance

The stock's 50 day moving average price is $19.93 and its 200 day moving average price is $18.12. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its position in Rolls-Royce Holdings PLC by 65.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company's stock worth $181,000 after purchasing an additional 4,641 shares in the last quarter. Fulton Bank N.A. lifted its position in Rolls-Royce Holdings PLC by 28.3% during the second quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company's stock valued at $300,000 after buying an additional 3,454 shares in the last quarter. Ascentis Independent Advisors purchased a new stake in Rolls-Royce Holdings PLC during the first quarter worth approximately $350,000. Atlas Capital Advisors Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC in the fourth quarter worth $863,000. Finally, GAMMA Investing LLC raised its stake in shares of Rolls-Royce Holdings PLC by 14.5% in 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 period. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

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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