Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.64 and traded as high as $10.66. Rolls-Royce Holdings plc shares last traded at $10.63, with a volume of 1,956,581 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Citigroup downgraded Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a report on Monday, January 6th. Vertical Research upgraded shares of Rolls-Royce Holdings plc to a “strong-buy” rating in a report on Friday, February 28th.

Rolls-Royce Holdings plc Stock Down 0.7 %

The business’s 50 day moving average is $8.70 and its 200 day moving average is $7.66.

Rolls-Royce Holdings plc Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be given a $0.0761 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Boothe Investment Group Inc. purchased a new position in Rolls-Royce Holdings plc in the fourth quarter worth $8,489,000. Henry James International Management Inc. grew its stake in Rolls-Royce Holdings plc by 1.6% during the 4th quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock worth $6,962,000 after buying an additional 15,436 shares during the last quarter. HighPoint Advisor Group LLC increased its position in Rolls-Royce Holdings plc by 17.0% during the 4th quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock valued at $233,000 after buying an additional 4,431 shares in the last quarter. Financial Avengers Inc. raised its stake in Rolls-Royce Holdings plc by 32.6% in the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock valued at $203,000 after buying an additional 7,000 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock worth $182,000 after acquiring an additional 6,727 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings plc Company Profile

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.