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

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 $17.16 and traded as high as $18.93. Rolls-Royce Holdings PLC shares last traded at $18.71, with a volume of 4,950,644 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. BNP Paribas Exane assumed coverage on Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They issued an “outperform” rating for the company. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. Finally, Berenberg Bank raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

The firm’s fifty day simple moving average is $17.73 and its 200 day simple moving average is $17.16. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in RYCEY. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Rolls-Royce Holdings PLC during the first quarter valued at approximately $1,963,000. Dorsey Wright & Associates boosted its holdings in shares of Rolls-Royce Holdings PLC by 2.2% in the 4th quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after purchasing an additional 2,117 shares in the last quarter. Rhumbline Advisers increased its stake in shares of Rolls-Royce Holdings PLC by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock valued at $1,103,000 after purchasing an additional 1,205 shares during the last quarter. Financial Avengers Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 18.9% in the 4th quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock valued at $1,241,000 after purchasing an additional 12,525 shares during the last quarter. Finally, AdvisorShares Investments LLC increased its stake in shares of Rolls-Royce Holdings PLC by 2.8% in the 4th quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company’s stock valued at $1,075,000 after purchasing an additional 1,881 shares during the last quarter. 0.07% of the stock is owned by institutional investors.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.