Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Rolls-Royce Holdings PLC shares recently crossed above their 200-day moving average, reaching a high of $15.74, indicating positive momentum in the stock's performance.
• Analysts issued mixed ratings for Rolls-Royce, with Goldman Sachs establishing a buy rating, while Kepler Capital Markets downgraded the stock from a strong-buy to a hold.
• The company announced a dividend payment of $0.0596 per share, to be paid on September 25th, signifying a substantial 97.0% yield.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $12.19 and traded as high as $15.74. Rolls-Royce Holdings PLC shares last traded at $15.71, with a volume of 1,922,453 shares traded.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. 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. The Goldman Sachs Group began coverage on Rolls-Royce Holdings PLC in a research report on Friday. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy".

Rolls-Royce Holdings PLC Price Performance

The company has a 50-day moving average price of $14.46 and a 200-day moving average price of $12.24.

Rolls-Royce Holdings PLC Cuts Dividend

The business also recently announced 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. This represents a yield of 97.0%. The ex-dividend date is Monday, August 11th.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of large investors have recently modified their holdings of RYCEY. Bowen Hanes & Co. Inc. bought a new position in shares of Rolls-Royce Holdings PLC during the first quarter worth approximately $27,782,000. GAMMA Investing LLC lifted its stake 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 buying an additional 262,292 shares in the last quarter. L & S Advisors Inc bought a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth approximately $2,427,000. First Horizon Advisors Inc. boosted its stake 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 purchasing an additional 2,055 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Rolls-Royce Holdings PLC by 1.5% during the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock valued at $1,103,000 after purchasing an additional 1,205 shares in the last quarter. 0.07% of the stock is currently 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.