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

Rolls-Royce Holdings plc (OTCMKTS:RYCEY)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on RYCEY shares. Vertical Research upgraded shares of Rolls-Royce Holdings plc to a “strong-buy” rating in a research report on Friday, February 28th. Citigroup downgraded shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a report on Monday, January 6th.

Rolls-Royce Holdings plc Stock Performance

The stock’s 50-day simple moving average is $8.70 and its two-hundred day simple moving average is $7.66.

Rolls-Royce Holdings plc Announces Dividend

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

Hedge Funds Weigh In On Rolls-Royce Holdings plc

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