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

Rolls-Royce Holdings plc logo with Aerospace background

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.49 and traded as high as $11.00. Rolls-Royce Holdings plc shares last traded at $11.00, with a volume of 1,881,203 shares.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Vertical Research raised shares of Rolls-Royce Holdings plc to a "strong-buy" rating in a research report on Friday, February 28th. Kepler Capital Markets raised Rolls-Royce Holdings plc from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 9th.

Get Our Latest Stock Analysis on Rolls-Royce Holdings plc

Rolls-Royce Holdings plc Trading Up 1.0%

The business has a fifty day moving average of $10.10 and a 200-day moving average of $8.61.

Rolls-Royce Holdings plc Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be paid a $0.0761 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Rolls-Royce Holdings plc by 60.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock worth $43,000 after buying an additional 2,287 shares during the period. First Horizon Advisors Inc. grew its position in Rolls-Royce Holdings plc by 152.1% during the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company's stock worth $46,000 after purchasing an additional 3,904 shares in the last quarter. SVB Wealth LLC acquired a new stake in Rolls-Royce Holdings plc during the 4th quarter valued at $144,000. Financial Avengers Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 32.6% in the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of Rolls-Royce Holdings plc by 17.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock valued at $233,000 after purchasing an additional 4,431 shares in the last quarter. Institutional investors own 0.07% of the company's stock.

About Rolls-Royce Holdings plc

(Get Free Report)

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.

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