Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Up – Still a Buy?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) gapped up before the market opened on Tuesday . The stock had previously closed at $18.2248, but opened at $18.88. Rolls-Royce Holdings PLC shares last traded at $18.81, with a volume of 469,653 shares.

Wall Street Analyst Weigh In

Several analysts recently commented on RYCEY shares. BNP Paribas Exane started coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, May 29th. They set an “outperform” rating for the company. Wells Fargo & Company raised shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Berenberg Bank raised shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

The business’s 50-day moving average is $16.64 and its 200 day moving average is $16.53. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Rolls-Royce Holdings PLC during the fourth quarter worth about $33,000. Kelleher Financial Advisors bought a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter worth approximately $37,000. PNC Financial Services Group Inc. lifted its holdings in shares of Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after acquiring an additional 1,658 shares during the period. Ascentis Independent Advisors bought a new stake in shares of Rolls-Royce Holdings PLC during the 1st quarter worth approximately $350,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Rolls-Royce Holdings PLC during the 4th quarter worth approximately $367,000. Institutional investors 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.