Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Share Price Breaks Above 200-Day Moving Average – What’s Next?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) passed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $18.12 and traded as high as $19.8025. Rolls-Royce Holdings PLC shares last traded at $19.71, with a volume of 1,018,863 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Stock Down 0.2%

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock has a 50 day simple moving average of $19.93 and a 200-day simple moving average of $18.12.

Institutional Trading of Rolls-Royce Holdings PLC

Several institutional investors have recently made changes to their positions in RYCEY. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Rolls-Royce Holdings PLC during the 1st quarter valued at approximately $1,963,000. Dorsey Wright & Associates boosted its stake in 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 worth $1,537,000 after purchasing an additional 2,117 shares during the period. Financial Avengers Inc. boosted its stake in 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 worth $1,241,000 after purchasing an additional 12,525 shares during the period. AdvisorShares Investments LLC boosted its stake in 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 worth $1,075,000 after purchasing an additional 1,881 shares during the period. Finally, GAMMA Investing LLC grew its holdings in Rolls-Royce Holdings PLC by 14.5% during the 2nd quarter. GAMMA Investing LLC now owns 46,688 shares of the aerospace company’s stock valued at $899,000 after buying an additional 5,916 shares in the last quarter. Hedge funds and other institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a United Kingdom-based engineering and technology company that designs, manufactures and services power systems for the civil aerospace, defense and power systems markets. Its operations are conducted through businesses focused on high-performance propulsion, energy generation and related support services.

In civil aerospace, Rolls-Royce develops large aircraft engines and provides aftermarket maintenance, repair and overhaul services, as well as long-term engine support programs.