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

Rolls-Royce Holdings plc logo with Aerospace background

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.93 and traded as high as $7.57. Rolls-Royce Holdings plc shares last traded at $7.57, with a volume of 4,902,922 shares.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research note on Monday, January 6th.

Read Our Latest Stock Report on Rolls-Royce Holdings plc

Rolls-Royce Holdings plc Trading Up 0.7 %

The stock's 50-day simple moving average is $7.30 and its 200 day simple moving average is $6.97.

Institutional Trading of Rolls-Royce Holdings plc

Institutional investors have recently bought and sold shares of the company. HighPoint Advisor Group LLC raised its holdings 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 valued at $233,000 after purchasing an additional 4,431 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Rolls-Royce Holdings plc by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock valued at $43,000 after purchasing an additional 2,287 shares during the period. Henry James International Management Inc. raised its holdings 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. SVB Wealth LLC acquired a new position in shares of Rolls-Royce Holdings plc during the fourth quarter valued at about $144,000. Finally, Boothe Investment Group Inc. acquired a new position in shares of Rolls-Royce Holdings plc during the fourth quarter valued at about $8,489,000. Institutional investors own 0.07% of the company's stock.

About Rolls-Royce Holdings plc

(Get Free Report)

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.

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