Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Stock Rating Upgraded by Wells Fargo & Company

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) was upgraded by investment analysts at Wells Fargo & Company to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Rolls-Royce Holdings PLC Price Performance

Shares of OTCMKTS:RYCEY opened at $16.24 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20. The business has a fifty day moving average of $17.06 and a two-hundred day moving average of $16.03. Rolls-Royce Holdings PLC has a 52-week low of $8.01 and a 52-week high of $18.98.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several hedge funds and other institutional investors have recently bought and sold shares of RYCEY. ORG Partners LLC raised its stake in Rolls-Royce Holdings PLC by 115.3% during the third quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company’s stock worth $32,000 after purchasing an additional 1,055 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Rolls-Royce Holdings PLC in the 4th quarter valued at about $33,000. Kelleher Financial Advisors purchased a new stake in shares of Rolls-Royce Holdings PLC in the 3rd quarter valued at approximately $37,000. Salomon & Ludwin LLC grew its stake in shares of Rolls-Royce Holdings PLC by 2,646.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company’s stock valued at $48,000 after buying an additional 2,938 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock worth $112,000 after buying an additional 1,658 shares during the last quarter. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.