Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Crosses Above Two Hundred Day Moving Average – Here’s Why

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $17.16 and traded as high as $18.93. Rolls-Royce Holdings PLC shares last traded at $18.71, with a volume of 4,950,644 shares trading hands.

Analysts Set New Price Targets

RYCEY has been the subject of a number of recent research reports. Wells Fargo & Company raised shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, May 29th. They set an “outperform” rating for the company. Finally, Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat.com, Rolls-Royce Holdings PLC presently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Trading Down 1.9%

The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The stock has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $17.18.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Rolls-Royce Holdings PLC during the first quarter valued at approximately $1,963,000. Dorsey Wright & Associates raised its holdings in Rolls-Royce Holdings PLC by 2.2% in the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock worth $1,537,000 after purchasing an additional 2,117 shares during the period. 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 worth $1,103,000 after purchasing an additional 1,205 shares in the last quarter. Financial Avengers Inc. boosted its position in shares of Rolls-Royce Holdings PLC by 18.9% during the fourth quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock worth $1,241,000 after purchasing an additional 12,525 shares in the last quarter. Finally, AdvisorShares Investments LLC boosted its position in shares of Rolls-Royce Holdings PLC by 2.8% during the fourth quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company’s stock worth $1,075,000 after purchasing an additional 1,881 shares in the last quarter. Institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

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.