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

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $7.81 and traded as high as $9.98. Rolls-Royce Holdings plc shares last traded at $9.82, with a volume of 1,957,327 shares changing hands.

Analyst Upgrades and Downgrades

A number of analysts have commented on RYCEY shares. Vertical Research raised shares of Rolls-Royce Holdings plc to a “strong-buy” rating in a research report on Friday, February 28th. Citigroup cut Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research note on Monday, January 6th.

Rolls-Royce Holdings plc Stock Performance

The company’s 50 day moving average is $9.05 and its 200-day moving average is $7.82.

Rolls-Royce Holdings plc Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.0761 per share. The ex-dividend date of this dividend is Tuesday, April 22nd.

Institutional Trading of Rolls-Royce Holdings plc

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RYCEY. Boothe Investment Group Inc. acquired a new stake in Rolls-Royce Holdings plc in the fourth quarter valued at approximately $8,489,000. SVB Wealth LLC acquired a new stake in Rolls-Royce Holdings plc in the 4th quarter valued at $144,000. Henry James International Management Inc. increased its stake in Rolls-Royce Holdings plc by 1.6% during the 4th quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock valued at $6,962,000 after purchasing an additional 15,436 shares in the last quarter. Financial Avengers Inc. increased its stake in Rolls-Royce Holdings plc by 32.6% during the 4th quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Rolls-Royce Holdings plc by 35.7% during the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after buying an additional 6,727 shares during the last quarter. 0.07% of the stock is 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.