Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Stock Crosses Above 200 Day Moving Average - What's Next?

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)'s share price passed 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 traded.

Analyst Upgrades and Downgrades

Separately, Kepler Capital Markets cut shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Stock Performance

The company has a fifty day simple moving average of $14.03 and a 200-day simple moving average of $11.83.

Rolls-Royce Holdings PLC Cuts Dividend

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

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several large investors have recently made changes to their positions in the company. Bowen Hanes & Co. Inc. grew its stake in shares of Rolls-Royce Holdings PLC by 42.8% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company's stock valued at $54,099,000 after buying an additional 1,211,310 shares in the last quarter. L & S Advisors Inc grew its stake in shares of Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company's stock valued at $3,854,000 after buying an additional 40,691 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Rolls-Royce Holdings PLC by 1,025.7% in the 1st quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company's stock valued at $29,344,000 after buying an additional 262,292 shares in the last quarter. Yousif Capital Management LLC grew its stake in shares of Rolls-Royce Holdings PLC by 7.8% in the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock valued at $1,419,000 after buying an additional 7,705 shares in the last quarter. Finally, Rhumbline Advisers grew its stake in shares of Rolls-Royce Holdings PLC by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock valued at $1,103,000 after buying an additional 1,205 shares in the last quarter. Institutional investors own 0.07% of the company's stock.

About Rolls-Royce Holdings PLC

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.