Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Strong Trading Volume – Should You Buy?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) saw strong trading volume on Thursday . 3,582,487 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 3,742,500 shares.The stock last traded at $16.74 and had previously closed at $16.49.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RYCEY. BNP Paribas Exane began coverage on Rolls-Royce Holdings PLC in a report on Friday, May 29th. They issued an “outperform” rating on the stock. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a report on Tuesday, March 31st. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

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 stock has a fifty day moving average of $16.53 and a 200-day moving average of $16.45.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Rolls-Royce Holdings PLC in the 4th quarter worth $33,000. Kelleher Financial Advisors purchased a new position in shares of Rolls-Royce Holdings PLC during the third quarter valued at $37,000. PNC Financial Services Group Inc. grew its holdings in shares of Rolls-Royce Holdings PLC by 30.5% during the fourth 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 in the last quarter. Ascentis Independent Advisors purchased a new position in shares of Rolls-Royce Holdings PLC during the first quarter valued at $350,000. Finally, Kingswood Wealth Advisors LLC purchased a new position in shares of Rolls-Royce Holdings PLC during the fourth quarter valued at $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.