Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sets New 12-Month High – Still a Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $19.34 and last traded at $19.25, with a volume of 2122944 shares. The stock had previously closed at $18.93.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. BNP Paribas Exane started coverage on Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They set an “outperform” rating on the stock. Finally, Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Trading Up 1.7%

The firm’s 50 day simple moving average is $17.03 and its 200-day simple moving average is $16.87. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91.

Institutional Trading of Rolls-Royce Holdings PLC

A number of hedge funds and other institutional investors have recently modified their holdings of RYCEY. Dorsey Wright & Associates bought a new stake in Rolls-Royce Holdings PLC during the third quarter worth about $1,558,000. Mcintyre Freedman & Flynn Investment Advisers Inc. bought a new position in Rolls-Royce Holdings PLC in the third quarter valued at approximately $1,690,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in Rolls-Royce Holdings PLC in the first quarter valued at approximately $1,963,000. Atlas Capital Advisors Inc. bought a new position in Rolls-Royce Holdings PLC in the fourth quarter valued at approximately $863,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter worth approximately $350,000. Institutional investors and hedge funds 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.