Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Stock Rating Upgraded by Wells Fargo & Company

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was upgraded by analysts at Wells Fargo & Company to a “strong-buy” rating in a report issued on Tuesday,Zacks.com reports.

Rolls-Royce Holdings PLC Stock Performance

Shares of OTCMKTS RYCEY opened at $16.24 on Tuesday. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91. Rolls-Royce Holdings PLC has a 1 year low of $8.01 and a 1 year high of $18.98. The firm has a 50-day simple moving average of $17.06 and a two-hundred day simple moving average of $16.03.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Large investors have recently bought and sold shares of the business. AdvisorShares Investments LLC purchased a new stake in Rolls-Royce Holdings PLC in the third quarter worth $1,077,000. Dorsey Wright & Associates bought a new position in shares of Rolls-Royce Holdings PLC in the third quarter worth about $1,558,000. Bowen Hanes & Co. Inc. increased its stake in Rolls-Royce Holdings PLC by 6.9% in the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock worth $70,006,000 after buying an additional 278,070 shares during the period. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new stake in Rolls-Royce Holdings PLC during the 3rd quarter valued at about $1,690,000. Finally, Financially Speaking Inc bought a new stake in Rolls-Royce Holdings PLC during the 3rd quarter valued at about $1,808,000. 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.