Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Large Volume Increase – What’s Next?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEYGet Free Report) saw an uptick in trading volume on Thursday . Approximately 11,627,614 shares changed hands during trading, an increase of 207% from the previous session’s volume of 3,788,796 shares.The stock last traded at $19.72 and had previously closed at $19.20.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on RYCEY. Wells Fargo & Company upgraded shares of 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 report on Friday, May 29th. They set 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 report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. Based on data from MarketBeat, Rolls-Royce Holdings PLC has an average rating of “Buy”.

View Our Latest Analysis on Rolls-Royce Holdings PLC

Rolls-Royce Holdings PLC Stock Performance

The stock has a 50-day moving average of $17.23 and a 200 day moving average of $16.96. The company has a current ratio of 1.20, a quick ratio of 0.91 and a debt-to-equity ratio of 1.03.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rhumbline Advisers grew its holdings in shares of Rolls-Royce Holdings PLC by 1.5% during the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after purchasing an additional 1,205 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Rolls-Royce Holdings PLC by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company’s stock valued at $112,000 after buying an additional 1,658 shares during the last quarter. AdvisorShares Investments LLC lifted its position in Rolls-Royce Holdings PLC by 2.8% during the 4th quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company’s stock worth $1,075,000 after buying an additional 1,881 shares in the last quarter. Dorsey Wright & Associates lifted its position in Rolls-Royce Holdings PLC by 2.2% during the 4th quarter. Dorsey Wright & Associates now owns 99,391 shares of the aerospace company’s stock worth $1,537,000 after buying an additional 2,117 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in Rolls-Royce Holdings PLC during the 4th quarter worth about $33,000. Institutional investors and hedge funds own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Company Profile

(Get Free Report)

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.

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