Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RYCEY shares. Citigroup cut Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th. Vertical Research raised Rolls-Royce Holdings plc to a “strong-buy” rating in a research report on Friday, February 28th.

Rolls-Royce Holdings plc Price Performance

The company’s 50-day moving average is $8.63 and its two-hundred day moving average is $7.64.

Rolls-Royce Holdings plc Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.0761 per share. The ex-dividend date is Tuesday, April 22nd.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RYCEY. Boothe Investment Group Inc. bought a new stake in Rolls-Royce Holdings plc during the 4th quarter valued at $8,489,000. Henry James International Management Inc. grew its stake in shares of Rolls-Royce Holdings plc by 1.6% in the fourth quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock worth $6,962,000 after purchasing an additional 15,436 shares in the last quarter. HighPoint Advisor Group LLC increased its holdings in shares of Rolls-Royce Holdings plc by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company’s stock valued at $233,000 after purchasing an additional 4,431 shares during the period. Financial Avengers Inc. raised its stake in shares of Rolls-Royce Holdings plc by 32.6% during the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company’s stock valued at $203,000 after purchasing an additional 7,000 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 purchasing an additional 6,727 shares during the period. 0.07% of the stock is owned by institutional investors.

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.