Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Reaches New 1-Year High – What’s Next?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares reached a new 52-week high on Thursday . The stock traded as high as $19.09 and last traded at $18.9150, with a volume of 242858 shares changing hands. The stock had previously closed at $18.65.

Analyst Ratings Changes

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

Rolls-Royce Holdings PLC Stock Up 2.7%

The company has a fifty day moving average of $16.93 and a 200-day moving average of $16.76. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Institutional Trading of Rolls-Royce Holdings PLC

Several institutional investors have recently made changes to their positions in RYCEY. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Rolls-Royce Holdings PLC during the fourth quarter valued at about $33,000. Kelleher Financial Advisors purchased a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at about $37,000. PNC Financial Services Group Inc. increased its stake 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 buying an additional 1,658 shares during the last quarter. Ascentis Independent Advisors bought a new stake in Rolls-Royce Holdings PLC during the first quarter worth $350,000. Finally, Kingswood Wealth Advisors LLC bought a new stake in shares of Rolls-Royce Holdings PLC during the 4th quarter worth $367,000. Institutional investors 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.