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

Key Points

• Rolls-Royce Holdings PLC's share price recently surpassed its 200-day moving average, rising to a peak of $14.73 before closing at $14.63 with significant trading volume of 1,680,142 shares.
• Kepler Capital Markets downgraded the stock from a "strong-buy" to a "hold" rating, leading to a current average rating of "Moderate Buy" from analysts.
• The company declared a dividend of $0.0596 per share, representing a high dividend yield of 97.0%, with the payment scheduled for September 25th.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $11.63 and traded as high as $14.73. Rolls-Royce Holdings PLC shares last traded at $14.63, with a volume of 1,680,142 shares.

Analysts Set New Price Targets

Separately, Kepler Capital Markets lowered shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Stock Performance

The firm has a 50 day moving average price of $14.00 and a 200-day moving average price of $11.78.

Rolls-Royce Holdings PLC Cuts Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 25th. Stockholders of record on Tuesday, August 12th will be paid a $0.0596 dividend. This represents a dividend yield of 97.0%. The ex-dividend date is Monday, August 11th.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Hedge funds and other institutional investors have recently modified their holdings of the business. Bowen Hanes & Co. Inc. purchased a new position in Rolls-Royce Holdings PLC in the first quarter worth $27,782,000. GAMMA Investing LLC grew its position in shares of Rolls-Royce Holdings PLC by 1,025.7% during the 1st quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company's stock valued at $29,344,000 after acquiring an additional 262,292 shares during the period. L & S Advisors Inc bought a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter valued at about $2,427,000. First Horizon Advisors Inc. lifted its holdings in shares of Rolls-Royce Holdings PLC by 31.8% in the 1st quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock worth $84,000 after acquiring an additional 2,055 shares during the last quarter. Finally, Financial Avengers Inc. increased its position in shares of 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 worth $203,000 after acquiring an additional 7,000 shares during the period. 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.