Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Large Volume Increase – Here’s What Happened

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares saw unusually-high trading volume on Tuesday . Approximately 6,196,862 shares were traded during trading, an increase of 128% from the previous session’s volume of 2,721,721 shares.The stock last traded at $17.29 and had previously closed at $17.49.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. 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. Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC to a “hold” rating in a report on Monday, October 20th. One research 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The business’s 50-day moving average price is $15.52 and its 200 day moving average price is $15.05. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.94 and a current ratio of 1.25.

Institutional Trading of Rolls-Royce Holdings PLC

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bowen Hanes & Co. Inc. boosted its holdings in 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 valued at $54,099,000 after purchasing an additional 1,211,310 shares during the last quarter. Financially Speaking Inc acquired a new position in shares of Rolls-Royce Holdings PLC in the 3rd quarter valued at approximately $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new position in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at approximately $1,690,000. Dorsey Wright & Associates acquired a new stake in shares of Rolls-Royce Holdings PLC during the third quarter worth approximately $1,558,000. Finally, AdvisorShares Investments LLC bought a new stake in shares of Rolls-Royce Holdings PLC in the third quarter worth $1,077,000. 0.07% of the stock is owned by hedge funds and other 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.