Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Reaches New 52-Week High – Still a Buy?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $20.19 and last traded at $20.10, with a volume of 2347446 shares changing hands. The stock had previously closed at $19.63.

Analyst Ratings Changes

RYCEY has been the topic of a number of analyst reports. 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. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. Finally, Berenberg Bank upgraded Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, Rolls-Royce Holdings PLC has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Trading Up 2.4%

The firm’s fifty day simple moving average is $17.23 and its two-hundred day simple moving average is $16.97. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dorsey Wright & Associates purchased a new position in Rolls-Royce Holdings PLC in the third quarter worth approximately $1,558,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in Rolls-Royce Holdings PLC during the third quarter worth $1,690,000. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in Rolls-Royce Holdings PLC in the first quarter valued at $1,963,000. Atlas Capital Advisors Inc. purchased a new stake in Rolls-Royce Holdings PLC in the fourth quarter valued at $863,000. Finally, Ascentis Independent Advisors acquired a new position in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at $350,000. 0.07% of the stock is currently owned by institutional investors and hedge funds.

Rolls-Royce Holdings PLC Company Profile

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.