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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.23 and traded as high as $14.99. Rolls-Royce Holdings PLC shares last traded at $14.77, with a volume of 1,438,598 shares trading hands.

Wall Street Analysts Forecast Growth

RYCEY has been the topic of several recent research reports. Royal Bank Of Canada began coverage on Rolls-Royce Holdings PLC in a report on Tuesday, November 18th. They set an “outperform” rating on the stock. The Goldman Sachs Group assumed coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They issued a “buy” rating for the company. Finally, Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a research note on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Price Performance

The company has a 50-day moving average price of $14.86 and a two-hundred day moving average price of $14.23.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RYCEY. ORG Partners LLC increased its position in shares of Rolls-Royce Holdings PLC by 115.3% during the third quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company’s stock worth $32,000 after acquiring an additional 1,055 shares in the last quarter. Kelleher Financial Advisors bought a new position in Rolls-Royce Holdings PLC in the 3rd quarter valued at about $37,000. Salomon & Ludwin LLC boosted its stake in Rolls-Royce Holdings PLC by 2,646.8% during the 3rd quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 2,938 shares during the last quarter. Sterling Investment Advisors Ltd. acquired a new position in Rolls-Royce Holdings PLC during the 2nd quarter valued at about $174,000. Finally, GAMMA Investing LLC increased its holdings in Rolls-Royce Holdings PLC by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock worth $461,000 after purchasing an additional 5,099 shares in 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.