Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Cross Above 200-Day Moving Average - Time to Sell?

Key Points

• Rolls-Royce shares moved above their 200-day moving average, reaching $20.88 and last trading at $20.60, compared with a 200-day average of $17.58.
• Analyst sentiment is positive: Berenberg upgraded the stock to “buy,” BNP Paribas Exane initiated coverage with an “outperform” rating, and MarketBeat reports a consensus “Buy” rating.
• Institutional investors have recently increased or initiated positions, although institutions and hedge funds collectively own only 0.07% of the company’s stock.

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 $17.58 and traded as high as $20.88. Rolls-Royce Holdings PLC shares last traded at $20.60, with a volume of 1,480,098 shares traded.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on RYCEY shares. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a "hold" rating to a "buy" rating in a research report on Friday, June 12th. BNP Paribas Exane began coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, May 29th. They issued an "outperform" rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy".

Rolls-Royce Holdings PLC Price Performance

The business has a 50 day moving average of $18.98 and a two-hundred day moving average of $17.58. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20.

Institutional Trading of Rolls-Royce Holdings PLC

A number of institutional investors have recently made changes to their positions in RYCEY. Fulton Bank N.A. boosted its holdings in Rolls-Royce Holdings PLC by 28.3% in the second quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company's stock worth $300,000 after acquiring an additional 3,454 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Rolls-Royce Holdings PLC by 14.5% in the 2nd quarter. GAMMA Investing LLC now owns 46,688 shares of the aerospace company's stock valued at $899,000 after acquiring an additional 5,916 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Rolls-Royce Holdings PLC by 65.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company's stock valued at $181,000 after purchasing an additional 4,641 shares during the last quarter. Ascentis Independent Advisors acquired a new stake in Rolls-Royce Holdings PLC during the first quarter worth about $350,000. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Rolls-Royce Holdings PLC during the first quarter valued at $1,963,000. Institutional investors and hedge funds own 0.07% of the company's stock.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company's core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source