Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Rolls-Royce Holdings plc (OTCMKTS:RYCEY - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $7.81 and traded as high as $9.98. Rolls-Royce Holdings plc shares last traded at $9.82, with a volume of 1,957,327 shares trading hands.

Analyst Ratings Changes

RYCEY has been the subject of a number of recent research reports. Vertical Research raised Rolls-Royce Holdings plc to a "strong-buy" rating in a report on Friday, February 28th. Citigroup cut Rolls-Royce Holdings plc from a "buy" rating to a "neutral" rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Stock Down 14.8 %

The company's 50 day moving average price is $9.05 and its 200-day moving average price is $7.82.

Rolls-Royce Holdings plc Dividend Announcement

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

Hedge Funds Weigh In On Rolls-Royce Holdings plc

Hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its holdings in shares of Rolls-Royce Holdings plc by 60.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock valued at $43,000 after acquiring an additional 2,287 shares in the last quarter. Financial Avengers Inc. grew its stake in Rolls-Royce Holdings plc by 13.2% in the 3rd quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company's stock valued at $152,000 after purchasing an additional 2,500 shares during the period. First Horizon Advisors Inc. grew its stake in Rolls-Royce Holdings plc by 152.1% in the 4th quarter. First Horizon Advisors Inc. now owns 6,471 shares of the aerospace company's stock valued at $46,000 after purchasing an additional 3,904 shares during the period. HighPoint Advisor Group LLC increased its position in shares of Rolls-Royce Holdings plc by 17.0% during the 4th 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 last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Rolls-Royce Holdings plc by 35.7% during the 4th quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company's stock worth $182,000 after purchasing an additional 6,727 shares during the period. Institutional investors own 0.07% of the company's stock.

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.

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