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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $16.30 and traded as high as $17.79. Rolls-Royce Holdings PLC shares last traded at $17.73, with a volume of 2,138,713 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on RYCEY shares. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. BNP Paribas Exane started coverage on Rolls-Royce Holdings PLC in a report on Friday. They set an “outperform” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Trading Up 1.2%

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20. The firm has a fifty day moving average price of $16.32 and a 200 day moving average price of $16.31.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Large investors have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Rolls-Royce Holdings PLC during the fourth quarter valued at $33,000. Kelleher Financial Advisors acquired a new position in shares of Rolls-Royce Holdings PLC during the third quarter valued at $37,000. PNC Financial Services Group Inc. lifted its stake in shares of Rolls-Royce Holdings PLC by 30.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after acquiring an additional 1,658 shares during the period. Ascentis Independent Advisors acquired a new position in shares of Rolls-Royce Holdings PLC during the first quarter valued at $350,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in Rolls-Royce Holdings PLC in the fourth quarter valued at about $367,000. Institutional investors and hedge funds own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

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.