Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.82 and traded as high as $7.29. Rolls-Royce Holdings plc shares last traded at $7.23, with a volume of 1,951,508 shares trading hands.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of 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 Down 2.7 %

The company’s 50 day simple moving average is $7.19 and its 200-day simple moving average is $6.82.

Institutional Trading of Rolls-Royce Holdings plc

A hedge fund recently raised its stake in Rolls-Royce Holdings plc stock. GAMMA Investing LLC grew its stake in shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) by 35.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 25,573 shares of the aerospace company’s stock after buying an additional 6,727 shares during the quarter. GAMMA Investing LLC’s holdings in Rolls-Royce Holdings plc were worth $182,000 at the end of the most recent quarter. 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.