Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Pass Above 200-Day Moving Average - Here's What Happened

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.65 and traded as high as $15.73. Rolls-Royce Holdings PLC shares last traded at $15.59, with a volume of 2,231,976 shares trading hands.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on RYCEY shares. The Goldman Sachs Group started coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They set a "buy" rating on the stock. Kepler Capital Markets downgraded Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy".

Rolls-Royce Holdings PLC Stock Performance

The firm has a fifty day simple moving average of $14.99 and a two-hundred day simple moving average of $12.65.

Rolls-Royce Holdings PLC Cuts Dividend

The company also recently declared a dividend, which was paid on Thursday, September 25th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.0596 per share. This represents a yield of 97.0%. The ex-dividend date was Monday, August 11th.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. grew its holdings in 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 valued at $84,000 after buying an additional 2,055 shares in the last quarter. Sterling Investment Advisors Ltd. purchased a new position in Rolls-Royce Holdings PLC during the 2nd quarter valued at approximately $174,000. GAMMA Investing LLC grew its holdings in Rolls-Royce Holdings PLC by 14.7% during 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. Torray Investment Partners LLC purchased a new position in Rolls-Royce Holdings PLC during the 2nd quarter valued at approximately $669,000. Finally, Rhumbline Advisers grew its holdings in Rolls-Royce Holdings PLC by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock valued at $1,103,000 after buying an additional 1,205 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company's stock.

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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