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

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

Analysts Set New Price Targets

RYCEY has been the topic of several research analyst reports. Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. BNP Paribas Exane began coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They issued an “outperform” rating for the company. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, Rolls-Royce Holdings PLC currently has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Trading Up 2.7%

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

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Rolls-Royce Holdings PLC in the 1st quarter valued at about $1,963,000. Mcintyre Freedman & Flynn Investment Advisers Inc. purchased a new stake in Rolls-Royce Holdings PLC in the third quarter valued at approximately $1,690,000. Dorsey Wright & Associates lifted its position in Rolls-Royce Holdings PLC by 2.2% during the fourth quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock valued at $1,537,000 after purchasing an additional 2,117 shares during the last quarter. Rhumbline Advisers lifted its position in Rolls-Royce Holdings PLC by 1.5% during the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock valued at $1,103,000 after purchasing an additional 1,205 shares during the last quarter. Finally, Financial Avengers Inc. grew its stake in Rolls-Royce Holdings PLC by 18.9% in the 4th quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock worth $1,241,000 after buying an additional 12,525 shares in the last quarter. 0.07% of the stock is currently owned by hedge funds and other institutional investors.

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.