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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $17.76 and last traded at $17.67, with a volume of 3292932 shares. The stock had previously closed at $17.60.

Analyst Ratings Changes

Several equities research analysts have commented on RYCEY shares. Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. Royal Bank Of Canada started coverage on shares of Rolls-Royce Holdings PLC in a research note on Tuesday, November 18th. They issued an “outperform” rating for the company. Finally, The Goldman Sachs Group initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, September 19th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Price Performance

The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.94. The business has a 50-day moving average price of $15.32 and a two-hundred day moving average price of $14.90.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC increased its stake in shares of Rolls-Royce Holdings PLC by 17.4% during the 2nd quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock worth $461,000 after purchasing an additional 5,099 shares in the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in Rolls-Royce Holdings PLC during the 2nd quarter valued at $174,000. Yousif Capital Management LLC grew its holdings in Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock valued at $1,419,000 after buying an additional 7,705 shares during the last quarter. Torray Investment Partners LLC purchased a new position in Rolls-Royce Holdings PLC during the second quarter worth $669,000. Finally, L & S Advisors Inc increased its position in Rolls-Royce Holdings PLC by 16.4% during the second quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after buying an additional 40,691 shares in the last quarter. Institutional investors and hedge funds own 0.07% of the company’s stock.

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.