Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 1-Year High – Here’s Why

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price hit a new 52-week high during trading on Thursday . The stock traded as high as $18.94 and last traded at $18.76, with a volume of 497815 shares changing hands. The stock had previously closed at $18.19.

Analyst Ratings Changes

Separately, Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC in a research note on Tuesday, November 18th. They issued an “outperform” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The stock has a fifty day moving average of $16.97 and a two-hundred day moving average of $15.67. The company has a current ratio of 1.25, a quick ratio of 0.94 and a debt-to-equity ratio of 1.17.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several institutional investors have recently added to or reduced their stakes in the company. AdvisorShares Investments LLC purchased a new stake in shares of Rolls-Royce Holdings PLC during the third quarter worth about $1,077,000. Bowen Hanes & Co. Inc. increased its stake 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 valued at $54,099,000 after buying an additional 1,211,310 shares during the period. L & S Advisors Inc raised its holdings in shares of Rolls-Royce Holdings PLC by 16.4% during the second quarter. L & S Advisors Inc now owns 288,058 shares of the aerospace company’s stock valued at $3,854,000 after acquiring an additional 40,691 shares in the last quarter. Torray Investment Partners LLC bought a new stake in Rolls-Royce Holdings PLC in the second quarter valued at $669,000. Finally, Financially Speaking Inc bought a new position in Rolls-Royce Holdings PLC in the 3rd quarter worth $1,808,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

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.