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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 raised Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Rolls-Royce Holdings PLC currently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Down 2.8%

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The business has a 50 day moving average price of $16.64 and a 200-day moving average price of $16.17.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

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

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.