Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $16.38 and traded as high as $17.06. Rolls-Royce Holdings PLC shares last traded at $16.77, with a volume of 1,590,470 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RYCEY. Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. BNP Paribas Exane began coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, May 29th. They issued an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Price Performance

The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $16.43 and a two-hundred day simple moving average of $16.38.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Several large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 65.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock worth $181,000 after purchasing an additional 4,641 shares in the last quarter. Ascentis Independent Advisors bought a new position in Rolls-Royce Holdings PLC in the 1st quarter worth about $350,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in Rolls-Royce Holdings PLC during the first quarter valued at approximately $1,963,000. Financial Avengers Inc. lifted its position in Rolls-Royce Holdings PLC by 18.9% during the fourth quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock valued at $1,241,000 after purchasing an additional 12,525 shares during the last quarter. Finally, Dorsey Wright & Associates lifted its position in Rolls-Royce Holdings PLC by 2.2% during the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after purchasing an additional 2,117 shares during the last quarter. Hedge funds and other institutional investors 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.