Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 1-Year High – Here’s What Happened

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on RYCEY. The Goldman Sachs Group initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Friday, September 19th. They set a “buy” rating on the stock. Berenberg Bank raised Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. Finally, Royal Bank Of Canada started coverage on Rolls-Royce Holdings PLC in a research report on Tuesday, November 18th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Up 0.4%

The company has a fifty day moving average of $15.23 and a 200-day moving average of $14.87. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.17.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several large investors have recently made changes to their positions in RYCEY. Bowen Hanes & Co. Inc. increased its stake in shares of Rolls-Royce Holdings PLC by 42.8% during the 2nd quarter. Bowen Hanes & Co. Inc. now owns 4,043,310 shares of the aerospace company’s stock worth $54,099,000 after purchasing an additional 1,211,310 shares during the last quarter. L & S Advisors Inc boosted its holdings in Rolls-Royce Holdings PLC by 16.4% in the second quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after purchasing an additional 40,691 shares in the last quarter. Torray Investment Partners LLC acquired a new position in Rolls-Royce Holdings PLC during the second quarter worth $669,000. GAMMA Investing LLC increased its position in Rolls-Royce Holdings PLC by 17.4% during the second quarter. GAMMA Investing LLC now owns 34,443 shares of the aerospace company’s stock worth $461,000 after buying an additional 5,099 shares during the last quarter. Finally, Yousif Capital Management LLC raised its holdings in Rolls-Royce Holdings PLC by 7.8% during the second 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 in the last quarter. Institutional investors 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.