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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $14.07 and traded as high as $14.77. Rolls-Royce Holdings PLC shares last traded at $14.59, with a volume of 3,852,531 shares.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on RYCEY shares. The Goldman Sachs Group started coverage on Rolls-Royce Holdings PLC in a report on Friday, September 19th. They issued a “buy” rating for the company. Royal Bank Of Canada initiated coverage on Rolls-Royce Holdings PLC in a research note on Tuesday, November 18th. They set an “outperform” rating on the stock. Finally, Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC to a “hold” rating in a research note on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Price Performance

The company’s 50-day moving average is $15.00 and its two-hundred day moving average is $14.07.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Several hedge funds and other institutional investors have recently made changes to their positions in RYCEY. Bowen Hanes & Co. Inc. increased its position in Rolls-Royce Holdings PLC by 6.9% in the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock valued at $70,006,000 after acquiring an additional 278,070 shares during the period. L & S Advisors Inc grew its stake in shares of Rolls-Royce Holdings PLC by 16.4% in the second quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after purchasing an additional 40,691 shares in the last quarter. Financially Speaking Inc bought a new position in shares of Rolls-Royce Holdings PLC in the third quarter worth $1,808,000. Yousif Capital Management LLC increased its holdings in shares of Rolls-Royce Holdings PLC by 7.8% during the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock valued at $1,419,000 after purchasing an additional 7,705 shares during the period. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in shares of Rolls-Royce Holdings PLC during the third quarter valued at about $1,690,000. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.