Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 1-Year High – Here’s Why

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $20.20 and last traded at $20.19, with a volume of 237263 shares changing hands. The stock had previously closed at $19.84.

Analyst Ratings Changes

Several brokerages have weighed in on RYCEY. BNP Paribas Exane began coverage on Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They set an “outperform” rating on the stock. Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

The business’s 50 day moving average price is $18.50 and its 200 day moving average price is $17.41. 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 Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers raised its position in shares of Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after acquiring an additional 1,205 shares during the period. PNC Financial Services Group Inc. grew its position 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 valued at $112,000 after acquiring an additional 1,658 shares during the period. AdvisorShares Investments LLC increased its stake in shares of Rolls-Royce Holdings PLC by 2.8% in the 4th quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company’s stock valued at $1,075,000 after purchasing an additional 1,881 shares in the last quarter. Dorsey Wright & Associates increased its stake in shares of Rolls-Royce Holdings PLC by 2.2% in the 4th quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after purchasing an additional 2,117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in Rolls-Royce Holdings PLC in the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

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.