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

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $18.04 and traded as high as $19.85. Rolls-Royce Holdings PLC shares last traded at $19.7350, with a volume of 3,778,832 shares traded.

Analysts Set New Price Targets

RYCEY has been the topic of a number of research reports. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating and three have issued a Buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Rolls-Royce Holdings PLC Trading Down 1.6%

The company’s 50 day simple moving average is $19.81 and its two-hundred day simple moving average is $18.05. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its position in Rolls-Royce Holdings PLC by 65.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock worth $181,000 after purchasing an additional 4,641 shares during the last quarter. Fulton Bank N.A. grew its holdings in Rolls-Royce Holdings PLC by 28.3% during the second quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company’s stock valued at $300,000 after purchasing an additional 3,454 shares during the period. Ascentis Independent Advisors acquired a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth $350,000. GAMMA Investing LLC lifted its holdings in shares of Rolls-Royce Holdings PLC by 14.5% during the 2nd quarter. GAMMA Investing LLC now owns 46,688 shares of the aerospace company’s stock valued at $899,000 after purchasing an additional 5,916 shares in the last quarter. Finally, Atlas Capital Advisors Inc. acquired a new position in shares of Rolls-Royce Holdings PLC in the fourth quarter valued at approximately $863,000. 0.07% of the stock is owned by institutional investors.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a United Kingdom-based engineering and technology company that designs, manufactures and services power systems for the civil aerospace, defense and power systems markets. Its operations are conducted through businesses focused on high-performance propulsion, energy generation and related support services.

In civil aerospace, Rolls-Royce develops large aircraft engines and provides aftermarket maintenance, repair and overhaul services, as well as long-term engine support programs.