Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Crosses Above 200 Day Moving Average – What’s Next?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.76 and traded as high as $7.15. Rolls-Royce Holdings plc shares last traded at $7.15, with a volume of 2,835,767 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup cut Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Trading Up 1.2 %

The company’s 50-day moving average is $7.16 and its two-hundred day moving average is $6.76.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of RYCEY. Rhumbline Advisers lifted its stake in Rolls-Royce Holdings plc by 19.0% in the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock valued at $479,000 after purchasing an additional 13,353 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of 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 valued at $182,000 after buying an additional 6,727 shares during the period. Finally, Financial Avengers Inc. lifted its position in shares of Rolls-Royce Holdings plc by 13.2% during the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock valued at $152,000 after buying an additional 2,500 shares during the last quarter. 0.07% of the stock is owned by institutional investors.

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.