Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Crosses Above 200-Day Moving Average – What’s Next?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.76 and traded as high as $7.15. Rolls-Royce Holdings plc shares last traded at $7.15, with a volume of 2,835,767 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a report on Monday, January 6th.

Rolls-Royce Holdings plc Stock Performance

The stock’s 50 day moving average is $7.15 and its two-hundred day moving average is $6.78.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

A number of large investors have recently bought and sold shares of RYCEY. Rhumbline Advisers raised its holdings in Rolls-Royce Holdings plc by 19.0% during the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after purchasing an additional 13,353 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Rolls-Royce Holdings plc by 82.0% during the 3rd quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock worth $133,000 after buying an additional 8,491 shares in the last quarter. Finally, Financial Avengers Inc. lifted its holdings in shares of Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after buying an additional 2,500 shares during the period. Hedge funds and other institutional investors own 0.07% of the company’s stock.

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.