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

Key Points

• Rolls-Royce Holdings PLC shares recently crossed above their 200-day moving average of $10.86, reaching as high as $14.72 during trading, with shares last at $14.61.
• Analysts at Kepler Capital Markets downgraded their rating on Rolls-Royce from "strong-buy" to "hold" as of June 26.
• The company will pay a dividend of $0.0596 on September 25, with a yield of 97.0%, reflecting recent changes in company performance.

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $10.86 and traded as high as $14.72. Rolls-Royce Holdings PLC shares last traded at $14.61, with a volume of 1,638,550 shares trading hands.

Analysts Set New Price Targets

Separately, Kepler Capital Markets lowered Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research report on Thursday, June 26th.

Rolls-Royce Holdings PLC Price Performance

The stock's 50 day simple moving average is $13.15 and its 200-day simple moving average is $10.86.

Rolls-Royce Holdings PLC Cuts Dividend

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

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of large investors have recently bought and sold shares of RYCEY. First Horizon Advisors Inc. raised its holdings in Rolls-Royce Holdings PLC by 31.8% during the first quarter. First Horizon Advisors Inc. now owns 8,526 shares of the aerospace company's stock valued at $84,000 after buying an additional 2,055 shares in the last quarter. Sterling Investment Advisors Ltd. bought a new position in shares of Rolls-Royce Holdings PLC in the 2nd quarter valued at approximately $174,000. Financial Avengers Inc. lifted 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 worth $203,000 after purchasing an additional 7,000 shares during the last quarter. GAMMA Investing LLC boosted its position in Rolls-Royce Holdings PLC by 14.7% during the first quarter. GAMMA Investing LLC now owns 29,344 shares of the aerospace company's stock worth $288,000 after purchasing an additional 3,771 shares during the period. Finally, Torray Investment Partners LLC acquired a new position in Rolls-Royce Holdings PLC during the second quarter valued at approximately $669,000. 0.07% of the stock is currently owned by institutional investors.

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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