Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Crosses Above Two Hundred 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.

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) crossed 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 traded.

Wall Street Analyst Weigh In

Separately, Kepler Capital Markets downgraded 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy".

Rolls-Royce Holdings PLC Trading Up 3.1%

The business's fifty day simple moving average is $14.15 and its two-hundred day simple moving average is $11.92.

Rolls-Royce Holdings PLC Cuts Dividend

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

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors have recently modified their holdings of the business. Rhumbline Advisers increased its holdings 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 acquiring an additional 1,205 shares during the period. First Horizon Advisors Inc. increased 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 valued at $84,000 after acquiring an additional 2,055 shares during the period. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 3,771 shares during the period. Financial Avengers Inc. boosted its stake 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 buying an additional 7,000 shares during the period. Finally, Yousif Capital Management LLC boosted its stake in shares of Rolls-Royce Holdings PLC by 7.8% during the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company's stock worth $1,419,000 after buying an additional 7,705 shares during the period. 0.07% of the stock is owned by institutional investors and hedge funds.

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.

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