Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Shares Pass Above 200 Day Moving Average - Should You Sell?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $6.54 and traded as high as $7.49. Rolls-Royce Holdings plc shares last traded at $7.31, with a volume of 1,719,044 shares.

Rolls-Royce Holdings plc Stock Performance

The business's 50 day simple moving average is $7.23 and its 200 day simple moving average is $6.55.

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Several hedge funds and other institutional investors have recently modified their holdings of RYCEY. Hantz Financial Services Inc. bought a new stake in Rolls-Royce Holdings plc in the second quarter valued at $2,765,000. Atlas Capital Advisors LLC grew its holdings in shares of Rolls-Royce Holdings plc by 60,646.2% in the 2nd quarter. Atlas Capital Advisors LLC now owns 111,773 shares of the aerospace company's stock worth $640,000 after purchasing an additional 111,589 shares during the last quarter. Rhumbline Advisers increased its position in shares of Rolls-Royce Holdings plc by 19.0% during the 2nd quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company's stock worth $479,000 after purchasing an additional 13,353 shares in the last quarter. Torray Investment Partners LLC bought a new position in Rolls-Royce Holdings plc during the 2nd quarter valued at about $286,000. Finally, Financial Avengers Inc. boosted its position in Rolls-Royce Holdings plc by 13.2% in the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company's stock valued at $152,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 0.07% of the company's stock.

Rolls-Royce Holdings plc Company Profile

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.