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

Key Points

• Rolls-Royce shares moved above their 200-day moving average, reaching $19.85 and closing recently at $19.735, compared with a 200-day average of $18.04.
• Analyst sentiment is positive: BNP Paribas Exane initiated coverage with an “outperform” rating, Berenberg upgraded the stock to “buy,” and the overall analyst consensus is “Buy.”
• Several institutional investors increased or initiated positions, although hedge funds and other institutional investors own only 0.07% of the company’s stock.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $18.04 and traded as high as $19.85. Rolls-Royce Holdings PLC shares last traded at $19.7350, with a volume of 3,778,832 shares trading hands.

Wall Street Analyst Weigh In

RYCEY has been the subject of a number of analyst reports. BNP Paribas Exane started coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an "outperform" rating for the company. Berenberg Bank raised shares of Rolls-Royce Holdings PLC from a "hold" rating to a "buy" rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company's stock. Based on data from MarketBeat, Rolls-Royce Holdings PLC currently has an average rating of "Buy".

Rolls-Royce Holdings PLC Stock Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20. The company has a 50 day simple moving average of $19.81 and a two-hundred day simple moving average of $18.04.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. lifted its position in Rolls-Royce Holdings PLC by 28.3% in the 2nd quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company's stock worth $300,000 after buying an additional 3,454 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of 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 in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 65.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company's stock worth $181,000 after acquiring an additional 4,641 shares during the last quarter. Ascentis Independent Advisors acquired a new position in shares of Rolls-Royce Holdings PLC in the first quarter worth $350,000. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Rolls-Royce Holdings PLC during the first quarter worth $1,963,000. 0.07% of the stock is owned by hedge funds and other institutional investors.

Rolls-Royce Holdings PLC Company Profile

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.

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.