Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) saw unusually-high trading volume on Tuesday . Approximately 6,196,862 shares were traded during mid-day trading, an increase of 128% from the previous session’s volume of 2,721,721 shares.The stock last traded at $17.29 and had previously closed at $17.49.

Analyst Ratings Changes

RYCEY has been the subject of several recent research reports. Royal Bank Of Canada initiated coverage on shares of Rolls-Royce Holdings PLC in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The business’s 50-day moving average is $15.40 and its two-hundred day moving average is $14.99. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.17.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Institutional investors have recently modified their holdings of the business. Bowen Hanes & Co. Inc. boosted its position in Rolls-Royce Holdings PLC by 42.8% in the second quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company’s stock worth $54,099,000 after purchasing an additional 1,211,310 shares during the last quarter. L & S Advisors Inc boosted its holdings in shares of Rolls-Royce Holdings PLC by 16.4% in the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after buying an additional 40,691 shares during the last quarter. Torray Investment Partners LLC bought a new position in Rolls-Royce Holdings PLC during the second quarter valued at about $669,000. GAMMA Investing LLC increased its holdings in Rolls-Royce Holdings PLC by 17.4% during the second quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock worth $461,000 after buying an additional 5,099 shares during the last quarter. Finally, Yousif Capital Management LLC increased its holdings in Rolls-Royce Holdings PLC by 7.8% during the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock worth $1,419,000 after buying an additional 7,705 shares during the last quarter. 0.07% of the stock is owned by institutional investors.

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.