Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Down – Here’s Why

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $15.94, but opened at $15.31. Rolls-Royce Holdings PLC shares last traded at $15.1890, with a volume of 445,420 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Down 4.0%

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The company’s 50 day moving average is $16.98 and its 200 day moving average is $16.04.

Institutional Trading of Rolls-Royce Holdings PLC

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bowen Hanes & Co. Inc. lifted its stake in shares of Rolls-Royce Holdings PLC by 6.9% in the third quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock valued at $70,006,000 after purchasing an additional 278,070 shares during the period. Financially Speaking Inc acquired a new stake in shares of Rolls-Royce Holdings PLC in the third quarter valued at about $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC in the third quarter valued at about $1,690,000. Dorsey Wright & Associates lifted its stake in shares of Rolls-Royce Holdings PLC by 2.2% in the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after purchasing an additional 2,117 shares during the period. Finally, Rhumbline Advisers lifted its stake in shares of Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock valued at $1,103,000 after purchasing an additional 1,205 shares during the period. Institutional investors and hedge funds own 0.07% of the company’s stock.

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.