Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Passes Above 200-Day Moving Average - Here's Why

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $7.64 and traded as high as $10.66. Rolls-Royce Holdings plc shares last traded at $10.63, with a volume of 1,956,581 shares traded.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on RYCEY shares. Vertical Research upgraded Rolls-Royce Holdings plc to a "strong-buy" rating in a report on Friday, February 28th. Citigroup cut shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Trading Down 3.2 %

The business's 50-day moving average is $8.82 and its two-hundred day moving average is $7.72.

Rolls-Royce Holdings plc Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 23rd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.0761 per share. The ex-dividend date is Tuesday, April 22nd.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

A number of large investors have recently modified their holdings of RYCEY. Boothe Investment Group Inc. acquired a new position in Rolls-Royce Holdings plc during the 4th quarter worth approximately $8,489,000. Henry James International Management Inc. raised its stake in shares of Rolls-Royce Holdings plc by 1.6% during the fourth quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company's stock valued at $6,962,000 after purchasing an additional 15,436 shares during the period. HighPoint Advisor Group LLC lifted its position in shares of Rolls-Royce Holdings plc by 17.0% during the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock worth $233,000 after purchasing an additional 4,431 shares in the last quarter. Financial Avengers Inc. lifted its position in shares of Rolls-Royce Holdings plc by 32.6% during the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock worth $203,000 after purchasing an additional 7,000 shares in the last quarter. Finally, GAMMA Investing LLC boosted its stake in shares of Rolls-Royce Holdings plc by 35.7% in the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company's stock valued at $182,000 after purchasing an additional 6,727 shares during the period. Institutional investors and hedge funds own 0.07% of the company's stock.

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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.