Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Rolls-Royce Holdings PLC shares recently surpassed their 200-day moving average during trading, with a peak of $15.53, indicating a positive market trend.
• Kepler Capital Markets downgraded the stock from a "strong-buy" rating to a "hold" rating, while overall ratings suggest a moderate buy consensus among analysts.
• The company announced a modest dividend of $0.0596 per share, reflecting a yield of 97.0% for shareholders of record.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $11.92 and traded as high as $15.53. Rolls-Royce Holdings PLC shares last traded at $15.48, with a volume of 6,823,564 shares changing hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets downgraded shares of Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy".

Rolls-Royce Holdings PLC Stock Performance

The company has a 50-day simple moving average of $14.30 and a two-hundred day simple moving average of $12.09.

Rolls-Royce Holdings PLC Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RYCEY. First Horizon Advisors Inc. increased its holdings in shares of Rolls-Royce Holdings PLC by 31.8% during 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. Sterling Investment Advisors Ltd. acquired a new position in Rolls-Royce Holdings PLC in the 2nd quarter valued at $174,000. Financial Avengers Inc. grew its holdings in Rolls-Royce Holdings PLC by 32.6% in the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock valued at $203,000 after buying an additional 7,000 shares in the last quarter. GAMMA Investing LLC grew its holdings in Rolls-Royce Holdings PLC by 14.7% in the 1st quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock valued at $288,000 after buying an additional 3,771 shares in the last quarter. Finally, Torray Investment Partners LLC acquired a new position in Rolls-Royce Holdings PLC in the 2nd quarter valued at $669,000. 0.07% of the stock is owned by institutional investors and hedge funds.

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.