Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 52-Week High – Here’s What Happened

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares reached a new 52-week high on Wednesday . The company traded as high as $19.34 and last traded at $19.25, with a volume of 2122944 shares trading hands. The stock had previously closed at $18.93.

Wall Street Analyst Weigh In

RYCEY has been the topic of a number of recent analyst reports. Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a report on Friday, June 12th. BNP Paribas Exane started coverage on Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an “outperform” rating for the company. Finally, Wells Fargo & Company raised Rolls-Royce Holdings PLC to a “strong-buy” rating in a research report on Tuesday, March 31st. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy”.

Rolls-Royce Holdings PLC Stock Up 2.2%

The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03. The company’s fifty day simple moving average is $17.15 and its two-hundred day simple moving average is $16.94.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of RYCEY. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Rolls-Royce Holdings PLC in the 4th quarter worth approximately $33,000. Kelleher Financial Advisors acquired a new stake in shares of Rolls-Royce Holdings PLC during the 3rd quarter valued at approximately $37,000. PNC Financial Services Group Inc. raised its position in shares of Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after acquiring an additional 1,658 shares in the last quarter. Ascentis Independent Advisors bought a new position in Rolls-Royce Holdings PLC during the first quarter worth $350,000. Finally, Kingswood Wealth Advisors LLC bought a new position in Rolls-Royce Holdings PLC during the fourth 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.