Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Reaches New 52-Week High – Should You Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $17.77 and last traded at $17.76, with a volume of 4921643 shares trading hands. The stock had previously closed at $16.94.

Wall Street Analysts Forecast Growth

Several brokerages have commented on RYCEY. Royal Bank Of Canada assumed 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 raised Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.17. The business has a 50-day simple moving average of $16.17 and a two-hundred day simple moving average of $15.33.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Hedge funds have recently added to or reduced their stakes in the business. Bowen Hanes & Co. Inc. lifted its position in Rolls-Royce Holdings PLC by 42.8% during the second 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 period. AdvisorShares Investments LLC acquired a new position in shares of Rolls-Royce Holdings PLC in the 3rd quarter valued at approximately $1,077,000. L & S Advisors Inc lifted its holdings in shares of Rolls-Royce Holdings PLC by 16.4% during the 2nd quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock worth $3,854,000 after acquiring an additional 40,691 shares during the period. Torray Investment Partners LLC bought a new stake in shares of Rolls-Royce Holdings PLC during the 2nd quarter worth approximately $669,000. Finally, Yousif Capital Management LLC boosted its position in shares of Rolls-Royce Holdings PLC by 7.8% during the 2nd quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock worth $1,419,000 after acquiring an additional 7,705 shares in the last quarter. Institutional investors and hedge funds 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.