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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s share price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $18.23 and traded as high as $19.57. Rolls-Royce Holdings PLC shares last traded at $19.40, with a volume of 3,370,460 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Trading Down 1.5%

The firm has a 50 day moving average of $20.04 and a 200 day moving average of $18.25. The company has a quick ratio of 0.93, a current ratio of 1.24 and a debt-to-equity ratio of 1.34.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RYCEY. Fulton Bank N.A. lifted its holdings in shares of Rolls-Royce Holdings PLC by 28.3% in the second quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company’s stock worth $300,000 after buying an additional 3,454 shares in the last quarter. GAMMA Investing LLC grew its stake in Rolls-Royce Holdings PLC by 14.5% during the second quarter. GAMMA Investing LLC now owns 46,688 shares of the aerospace company’s stock valued at $899,000 after acquiring an additional 5,916 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Rolls-Royce Holdings PLC by 65.4% during the first quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock valued at $181,000 after acquiring an additional 4,641 shares in the last quarter. Ascentis Independent Advisors bought a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth approximately $350,000. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth approximately $1,963,000. Institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a United Kingdom-based industrial technology company that designs, manufactures and services power systems for civil aerospace, defense and other industrial applications. The company is separate from the automobile manufacturer that bears the Rolls-Royce name.

In its civil aerospace business, Rolls-Royce produces large commercial aircraft engines and provides long-term maintenance, repair and overhaul services. Its defense business supplies engines and power systems for military aircraft, naval vessels and land-based applications.