Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Cross Above 200 Day Moving Average – Here’s Why

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $15.15 and traded as high as $17.43. Rolls-Royce Holdings PLC shares last traded at $17.23, with a volume of 4,944,145 shares changing hands.

Analysts Set New Price Targets

RYCEY has been the topic of several research analyst reports. Royal Bank Of Canada started coverage on shares of Rolls-Royce Holdings PLC in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. Berenberg Bank upgraded Rolls-Royce Holdings PLC to a “hold” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.94. The firm’s fifty day simple moving average is $15.69 and its 200 day simple moving average is $15.15.

Institutional Trading of Rolls-Royce Holdings PLC

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sterling Investment Advisors Ltd. acquired a new position in Rolls-Royce Holdings PLC in the second quarter valued at approximately $174,000. Yousif Capital Management LLC increased its holdings in shares of Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock valued at $1,419,000 after purchasing an additional 7,705 shares in the last quarter. Torray Investment Partners LLC acquired a new position in shares of Rolls-Royce Holdings PLC in the 2nd quarter valued at $669,000. L & S Advisors Inc lifted its stake in shares of Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock valued at $3,854,000 after purchasing an additional 40,691 shares during the period. Finally, Rhumbline Advisers boosted its holdings in 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 buying an additional 1,205 shares in the last quarter. 0.07% of the stock is owned by institutional investors and hedge funds.

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.