Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Stock Crosses Above 200-Day Moving Average – Here’s Why

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.17 and traded as high as $17.52. Rolls-Royce Holdings PLC shares last traded at $16.9250, with a volume of 2,438,083 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Rolls-Royce Holdings PLC currently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The company’s 50 day simple moving average is $16.64 and its 200-day simple moving average is $16.17. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Hedge funds have recently modified their holdings of the company. AdvisorShares Investments LLC acquired a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter worth about $1,077,000. Bowen Hanes & Co. Inc. boosted its stake in shares of Rolls-Royce Holdings PLC by 6.9% during the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock worth $70,006,000 after purchasing an additional 278,070 shares during the last quarter. Dorsey Wright & Associates acquired a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter worth about $1,558,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter worth about $1,690,000. Finally, Financially Speaking Inc acquired a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter worth about $1,808,000. 0.07% of the stock is owned by institutional investors and hedge funds.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a UK-based multinational engineering company that designs, manufactures and services power systems for the civil and defence aerospace, marine and energy markets. The company’s core activities include the development and production of turbine engines for commercial and military aircraft, propulsion and power systems for naval vessels, and industrial gas turbines for power generation and distributed energy applications. A significant portion of its business is focused on aftermarket support, providing maintenance, repair and overhaul (MRO) services and long-term service agreements to customers worldwide.

In aerospace, Rolls‑Royce is best known for its high-thrust turbofan engines used on widebody and regional aircraft, supported by comprehensive service programs and digital monitoring solutions that optimize engine health and operational availability.