Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Stock Passes Above Two Hundred Day Moving Average – Should You Sell?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.00 and traded as high as $19.6850. Rolls-Royce Holdings PLC shares last traded at $19.56, with a volume of 924,796 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on RYCEY. 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 for the company. Berenberg Bank raised shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy”.

Rolls-Royce Holdings PLC Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The company has a 50 day moving average price of $19.81 and a 200 day moving average price of $18.01.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Kelleher Financial Advisors acquired a new stake in Rolls-Royce Holdings PLC in the third quarter valued at about $37,000. PNC Financial Services Group Inc. increased its position in Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after purchasing an additional 1,658 shares during the period. Fulton Bank N.A. increased its position in Rolls-Royce Holdings PLC by 28.3% during the 2nd quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 3,454 shares during the period. Ascentis Independent Advisors purchased a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter worth approximately $350,000. Finally, HighPoint Advisor Group LLC lifted its holdings in shares of Rolls-Royce Holdings PLC by 17.9% in the 4th quarter. HighPoint Advisor Group LLC now owns 45,752 shares of the aerospace company’s stock valued at $719,000 after buying an additional 6,944 shares during the period. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.