Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Up – Here’s What Happened

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price gapped up prior to trading on Monday. The stock had previously closed at $15.54, but opened at $16.09. Rolls-Royce Holdings PLC shares last traded at $16.14, with a volume of 229,470 shares changing hands.

Rolls-Royce Holdings PLC Stock Performance

The stock has a 50-day moving average price of $19.37 and a 200 day moving average price of $18.44. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.93 and a current ratio of 1.24.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Henry James International Management Inc. raised its holdings in Rolls-Royce Holdings PLC by 17.2% in the third quarter. Henry James International Management Inc. now owns 662,815 shares of the aerospace company’s stock valued at $12,870,000 after acquiring an additional 97,466 shares in the last quarter. Ascentis Independent Advisors acquired a new position in Rolls-Royce Holdings PLC in the first quarter valued at $350,000. GAMMA Investing LLC increased its position in Rolls-Royce Holdings PLC by 15.4% during the third quarter. GAMMA Investing LLC now owns 53,877 shares of the aerospace company’s stock worth $1,044,000 after buying an additional 7,189 shares during the period. PNC Financial Services Group Inc. boosted 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 valued at $181,000 after acquiring an additional 4,641 shares during the period. Finally, Fulton Bank N.A. grew its position in shares of Rolls-Royce Holdings PLC by 28.3% during the second quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company’s stock worth $300,000 after acquiring an additional 3,454 shares during the last quarter. Institutional investors and hedge funds own 0.07% of the company’s stock.

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.