Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sets New 12-Month High – Still a Buy?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $19.34 and last traded at $19.25, with a volume of 2122944 shares changing hands. The stock had previously closed at $18.93.

Analyst Ratings Changes

RYCEY has been the topic of a number of recent analyst reports. Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research note on Friday, June 12th. Finally, BNP Paribas Exane started coverage on shares of Rolls-Royce Holdings PLC in a research report on Friday, May 29th. They issued an “outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat.com, Rolls-Royce Holdings PLC has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

The company has a debt-to-equity ratio of 1.03, a current ratio of 1.20 and a quick ratio of 0.91. The firm has a 50-day moving average price of $17.03 and a 200 day moving average price of $16.87.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Institutional investors and hedge funds have recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new position in Rolls-Royce Holdings PLC during the fourth quarter worth about $33,000. Kelleher Financial Advisors bought a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at about $37,000. PNC Financial Services Group Inc. boosted its holdings in Rolls-Royce Holdings PLC by 30.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after purchasing an additional 1,658 shares during the period. Ascentis Independent Advisors acquired a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter worth approximately $350,000. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of Rolls-Royce Holdings PLC during the 4th quarter worth approximately $367,000. 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.