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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.49 and traded as high as $11.00. Rolls-Royce Holdings plc shares last traded at $11.00, with a volume of 1,881,203 shares traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RYCEY shares. Vertical Research raised Rolls-Royce Holdings plc to a “strong-buy” rating in a research note on Friday, February 28th. Kepler Capital Markets raised shares of Rolls-Royce Holdings plc from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, April 9th.

Rolls-Royce Holdings plc Trading Up 0.3%

The company has a 50 day moving average of $10.05 and a 200 day moving average of $8.49.

Rolls-Royce Holdings plc Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.0761 per share. 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 modified their holdings of the company. First Horizon Advisors Inc. raised its stake in Rolls-Royce Holdings plc by 152.1% in the fourth quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company’s stock valued at $46,000 after buying an additional 3,904 shares in the last quarter. Boothe Investment Group Inc. purchased a new stake in shares of Rolls-Royce Holdings plc during the 4th quarter worth approximately $8,489,000. SVB Wealth LLC acquired a new position in shares of Rolls-Royce Holdings plc in the 4th quarter valued at $144,000. Henry James International Management Inc. grew its position in shares of Rolls-Royce Holdings plc by 1.6% in the 4th quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock valued at $6,962,000 after buying an additional 15,436 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in Rolls-Royce Holdings plc by 60.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 2,287 shares in the last quarter. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.