Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sets New 52-Week High – Time to Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) hit a new 52-week high on Thursday . The company traded as high as $19.09 and last traded at $18.9150, with a volume of 242858 shares. The stock had previously closed at $18.65.

Analysts Set New Price Targets

RYCEY has been the topic of several research reports. BNP Paribas Exane initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, May 29th. They issued an “outperform” rating on the stock. Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a research report on Tuesday, March 31st. Finally, Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Trading Down 1.6%

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 50 day moving average is $16.97 and its 200 day moving average is $16.80.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Institutional investors and hedge funds have recently bought and sold shares of the company. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at about $1,963,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in Rolls-Royce Holdings PLC during the third quarter worth about $1,690,000. Dorsey Wright & Associates purchased a new position in Rolls-Royce Holdings PLC in the third quarter valued at $1,558,000. Atlas Capital Advisors Inc. acquired a new position in Rolls-Royce Holdings PLC in the 4th quarter worth about $863,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Rolls-Royce Holdings PLC during the 4th quarter valued at approximately $367,000. 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.