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

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on RYCEY. Berenberg Bank raised shares of Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. Royal Bank Of Canada initiated coverage on shares of Rolls-Royce Holdings PLC in a report on Tuesday, November 18th. They issued an “outperform” rating for the company. One investment 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, Rolls-Royce Holdings PLC presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The company has a 50-day moving average price of $16.17 and a 200-day moving average price of $15.33. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.94.

Institutional Trading of Rolls-Royce Holdings PLC

Hedge funds have recently bought and sold shares of the stock. Yousif Capital Management LLC lifted its position in Rolls-Royce Holdings PLC by 7.8% in the second quarter. Yousif Capital Management LLC now owns 107,032 shares of the aerospace company’s stock worth $1,419,000 after purchasing an additional 7,705 shares during the period. Torray Investment Partners LLC bought a new stake in shares of Rolls-Royce Holdings PLC during the second quarter worth $669,000. L & S Advisors Inc raised its stake in shares of Rolls-Royce Holdings PLC by 16.4% in the second 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 last quarter. Rhumbline Advisers raised its position in Rolls-Royce Holdings PLC by 1.5% in the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Bowen Hanes & Co. Inc. raised its position in shares of 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 acquiring an additional 1,211,310 shares during the last quarter. 0.07% of the stock is owned by 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.