Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Down – Time to Sell?

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) gapped down before the market opened on Tuesday . The stock had previously closed at $17.33, but opened at $16.44. Rolls-Royce Holdings PLC shares last traded at $16.37, with a volume of 1,132,897 shares.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upgraded Rolls-Royce Holdings PLC to a “strong-buy” rating in a research note on Tuesday, March 31st. One equities research 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Down 0.9%

The firm has a 50 day moving average of $16.97 and a two-hundred day moving average of $16.13. The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Bowen Hanes & Co. Inc. boosted its position in shares of Rolls-Royce Holdings PLC by 6.9% in the 3rd quarter. Bowen Hanes & Co. Inc. now owns 4,321,380 shares of the aerospace company’s stock worth $70,006,000 after buying an additional 278,070 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC acquired a new position in Rolls-Royce Holdings PLC during the first quarter worth about $1,963,000. Financially Speaking Inc purchased a new stake in shares of Rolls-Royce Holdings PLC in the third quarter valued at about $1,808,000. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new stake in shares of Rolls-Royce Holdings PLC in the third quarter valued at approximately $1,690,000. Finally, Dorsey Wright & Associates purchased a new position in shares of Rolls-Royce Holdings PLC during the 3rd quarter worth approximately $1,558,000. Hedge funds and other 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.