Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Unusually-High Trading Volume – What’s Next?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY – Get Free Report) saw strong trading volume on Thursday. Approximately 8,067,819 shares were traded during mid-day trading, an increase of 155% from the previous session’s volume of 3,166,996 shares. The stock last traded at $16.8675 and had previously closed at $17.65.

Rolls-Royce Holdings PLC Stock Down 7.8%

The business’s fifty day moving average price is $19.37 and its 200-day moving average price is $18.43. The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 1.34.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

Several large investors have recently added to or reduced their stakes in RYCEY. PNC Financial Services Group Inc. boosted its stake in Rolls-Royce Holdings PLC by 65.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock valued at $181,000 after purchasing an additional 4,641 shares during the last quarter. Fulton Bank N.A. increased its holdings in Rolls-Royce Holdings PLC by 28.3% during the 2nd quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 3,454 shares in the last quarter. Ascentis Independent Advisors bought a new stake in Rolls-Royce Holdings PLC during the 1st quarter worth approximately $350,000. GAMMA Investing LLC raised its stake in shares of Rolls-Royce Holdings PLC by 14.5% in the second quarter. GAMMA Investing LLC now owns 46,688 shares of the aerospace company’s stock worth $899,000 after purchasing an additional 5,916 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Rolls-Royce Holdings PLC in the first quarter worth approximately $1,963,000. Institutional investors own 0.07% of the company’s stock.

About Rolls-Royce Holdings PLC

(Get Free Report)

Rolls-Royce Holdings plc is a United Kingdom-based industrial technology company focused on power and propulsion systems. Through its Civil Aerospace business, the company develops, manufactures, and services aircraft engines for widebody commercial aircraft, business aviation, and other applications. Its business model includes long-term aftermarket maintenance, repair, and overhaul services that support customers throughout an engine’s operating life.

The company’s Defence business supplies propulsion systems and related services for military aircraft, naval vessels, submarines, and other defense platforms.

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