Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sets New 1-Year High – Should You Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $17.77 and last traded at $17.73, with a volume of 1059176 shares changing hands. The stock had previously closed at $17.62.

Wall Street Analysts Forecast Growth

Separately, Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC in a report on Tuesday, November 18th. They issued an “outperform” rating on the stock. One 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 company. According to data from MarketBeat.com, Rolls-Royce Holdings PLC currently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Up 0.3%

The business’s 50-day moving average price is $16.65 and its 200 day moving average price is $15.54. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.94.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Large investors have recently modified their holdings of the stock. AdvisorShares Investments LLC bought a new stake in shares of Rolls-Royce Holdings PLC in the third quarter valued at about $1,077,000. Bowen Hanes & Co. Inc. lifted its holdings in shares of Rolls-Royce Holdings PLC by 42.8% in the second quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company’s stock worth $54,099,000 after acquiring an additional 1,211,310 shares during the last quarter. L & S Advisors Inc grew its stake in shares of 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 during the last quarter. Torray Investment Partners LLC acquired a new position in shares of Rolls-Royce Holdings PLC during the second quarter worth $669,000. Finally, Financially Speaking Inc acquired a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at $1,808,000. 0.07% of the stock is owned by institutional investors.

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.