Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Hits New 52-Week High – Should You Buy?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) hit a new 52-week high on Thursday . The stock traded as high as $17.24 and last traded at $17.13, with a volume of 2711463 shares changing hands. The stock had previously closed at $17.06.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. The Goldman Sachs Group initiated coverage on Rolls-Royce Holdings PLC in a research report on Friday, September 19th. They issued a “buy” rating on the stock. Royal Bank Of Canada assumed coverage on shares of Rolls-Royce Holdings PLC in a report on Tuesday, November 18th. They set an “outperform” rating on the stock. Finally, Berenberg Bank raised shares of Rolls-Royce Holdings PLC to a “hold” rating in a report on Monday, October 20th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy”.

Rolls-Royce Holdings PLC Stock Performance

The business’s 50 day moving average is $15.13 and its 200-day moving average is $14.78. The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.17.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. ORG Partners LLC boosted its holdings in Rolls-Royce Holdings PLC by 115.3% in the 3rd quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company’s stock worth $32,000 after buying an additional 1,055 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Rolls-Royce Holdings PLC by 1.5% in the second quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company’s stock worth $1,103,000 after acquiring an additional 1,205 shares during the last quarter. Kelleher Financial Advisors acquired a new stake in shares of Rolls-Royce Holdings PLC in the third quarter worth approximately $37,000. HighPoint Advisor Group LLC increased its position in shares of Rolls-Royce Holdings PLC by 7.1% during the third quarter. HighPoint Advisor Group LLC now owns 38,808 shares of the aerospace company’s stock worth $629,000 after purchasing an additional 2,583 shares in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in Rolls-Royce Holdings PLC by 2,646.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company’s stock valued at $48,000 after purchasing an additional 2,938 shares during the last quarter. Institutional investors and hedge funds own 0.07% of the company’s stock.

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.