Rolls-Royce Holdings plc (OTCMKTS:RYCEY) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Rolls-Royce Holdings plc (OTCMKTS:RYCEY) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.93 and traded as high as $7.57. Rolls-Royce Holdings plc shares last traded at $7.57, with a volume of 4,902,922 shares changing hands.

Wall Street Analyst Weigh In

Separately, Citigroup cut shares of Rolls-Royce Holdings plc from a “buy” rating to a “neutral” rating in a research report on Monday, January 6th.

Rolls-Royce Holdings plc Stock Up 1.9 %

The firm’s fifty day moving average is $7.28 and its 200-day moving average is $6.93.

Institutional Trading of Rolls-Royce Holdings plc

Several institutional investors have recently added to or reduced their stakes in the stock. Boothe Investment Group Inc. bought a new stake in Rolls-Royce Holdings plc during the fourth quarter valued at $8,489,000. Henry James International Management Inc. increased its stake in Rolls-Royce Holdings plc by 1.6% during the fourth quarter. Henry James International Management Inc. now owns 978,600 shares of the aerospace company’s stock valued at $6,962,000 after purchasing an additional 15,436 shares during the last quarter. GAMMA Investing LLC increased its stake in Rolls-Royce Holdings plc by 35.7% during the fourth quarter. GAMMA Investing LLC now owns 25,573 shares of the aerospace company’s stock valued at $182,000 after purchasing an additional 6,727 shares during the last quarter. Financial Avengers Inc. increased its stake in 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 valued at $152,000 after purchasing an additional 2,500 shares during the last quarter. Finally, SVB Wealth LLC bought a new stake in Rolls-Royce Holdings plc during the fourth quarter valued at $144,000. 0.07% of the stock is owned by institutional investors and hedge funds.

Rolls-Royce Holdings plc Company Profile

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.