Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Down – Time to Sell?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares gapped down before the market opened on Friday. The stock had previously closed at $16.86, but opened at $15.63. Rolls-Royce Holdings PLC shares last traded at $15.61, with a volume of 582,451 shares changing hands.

Rolls-Royce Holdings PLC Price Performance

The company’s 50-day moving average is $19.47 and its two-hundred day moving average is $18.45. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 1.34.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RYCEY. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Rolls-Royce Holdings PLC during the first quarter valued at approximately $1,963,000. Henry James International Management Inc. boosted its holdings in Rolls-Royce Holdings PLC by 17.2% in the 3rd quarter. Henry James International Management Inc. now owns 662,815 shares of the aerospace company’s stock valued at $12,870,000 after purchasing an additional 97,466 shares during the period. Ascentis Independent Advisors purchased a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter valued at $350,000. GAMMA Investing LLC grew its position in shares of Rolls-Royce Holdings PLC by 15.4% during the 3rd quarter. GAMMA Investing LLC now owns 53,877 shares of the aerospace company’s stock valued at $1,044,000 after purchasing an additional 7,189 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Rolls-Royce Holdings PLC by 65.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock worth $181,000 after purchasing an additional 4,641 shares during the period. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

About Rolls-Royce Holdings PLC

Rolls-Royce Holdings plc is a United Kingdom-based industrial technology company focused on power and propulsion systems. Through its Civil Aerospace business, the company develops, manufactures, and services aircraft engines for widebody commercial aircraft, business aviation, and other applications. Its business model includes long-term aftermarket maintenance, repair, and overhaul services that support customers throughout an engine’s operating life.

The company’s Defence business supplies propulsion systems and related services for military aircraft, naval vessels, submarines, and other defense platforms.