Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Rolls-Royce Holdings plc (OTCMKTS:RYCEY) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.76 and traded as high as $7.15. Rolls-Royce Holdings plc shares last traded at $7.15, with a volume of 2,835,767 shares changing hands.

Analysts Set New Price Targets

Separately, 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 Up 1.2 %

The company’s 50 day simple moving average is $7.16 and its 200-day simple moving average is $6.76.

Institutional Investors Weigh In On Rolls-Royce Holdings plc

Institutional investors and hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its position in Rolls-Royce Holdings plc by 19.0% during the second quarter. Rhumbline Advisers now owns 83,570 shares of the aerospace company’s stock worth $479,000 after buying an additional 13,353 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Rolls-Royce Holdings plc by 82.0% during the 3rd quarter. GAMMA Investing LLC now owns 18,846 shares of the aerospace company’s stock valued at $133,000 after acquiring an additional 8,491 shares during the last quarter. Finally, Financial Avengers Inc. grew its holdings in shares of Rolls-Royce Holdings plc by 13.2% during the third quarter. Financial Avengers Inc. now owns 21,500 shares of the aerospace company’s stock worth $152,000 after purchasing an additional 2,500 shares in 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 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.