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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $6.29 and traded as high as $6.82. Rolls-Royce Holdings plc shares last traded at $6.73, with a volume of 4,187,187 shares traded.

Rolls-Royce Holdings plc Price Performance

The firm has a 50 day moving average price of $7.09 and a 200 day moving average price of $6.29.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Large investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its position in shares of Rolls-Royce Holdings plc by 49.5% during the second quarter. GAMMA Investing LLC now owns 10,355 shares of the aerospace company’s stock worth $59,000 after purchasing an additional 3,430 shares in the last quarter. Financial Avengers Inc. boosted its stake in Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 2,500 shares during the period. Torray Investment Partners LLC purchased a new stake in Rolls-Royce Holdings plc during the 2nd quarter valued at approximately $286,000. Fulton Bank N.A. raised its position in shares of Rolls-Royce Holdings plc by 33.1% during the second quarter. Fulton Bank N.A. now owns 61,842 shares of the aerospace company’s stock valued at $357,000 after buying an additional 15,394 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Rolls-Royce Holdings plc by 19.0% in the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after buying an additional 13,353 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings plc

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.