Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Large Volume Increase – Still a Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares saw strong trading volume on Thursday . Approximately 11,627,614 shares changed hands during trading, an increase of 207% from the previous session’s volume of 3,788,796 shares.The stock last traded at $19.72 and had previously closed at $19.20.

Analyst Ratings Changes

A number of research firms have commented on RYCEY. BNP Paribas Exane began coverage on Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They issued an “outperform” rating on the stock. Berenberg Bank raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Finally, Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to MarketBeat.com, Rolls-Royce Holdings PLC currently has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Trading Up 2.2%

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The firm’s fifty day moving average is $17.07 and its 200-day moving average is $16.90.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in RYCEY. PNC Financial Services Group Inc. lifted its stake in shares of Rolls-Royce Holdings PLC by 65.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock valued at $181,000 after purchasing an additional 4,641 shares during the period. Ascentis Independent Advisors acquired a new stake in Rolls-Royce Holdings PLC during the first quarter worth approximately $350,000. Pinnacle Wealth Management Advisory Group LLC acquired a new stake in Rolls-Royce Holdings PLC during the first quarter worth approximately $1,963,000. Financial Avengers Inc. increased its holdings in Rolls-Royce Holdings PLC by 18.9% in the fourth quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock worth $1,241,000 after purchasing an additional 12,525 shares in the last quarter. Finally, Dorsey Wright & Associates increased its holdings in Rolls-Royce Holdings PLC by 2.2% in the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock worth $1,537,000 after purchasing an additional 2,117 shares in the last quarter. 0.07% of the stock is owned by institutional investors.

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.