Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Shares Gap Up – Should You Buy?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) gapped up prior to trading on Tuesday . The stock had previously closed at $18.2248, but opened at $18.88. Rolls-Royce Holdings PLC shares last traded at $18.81, with a volume of 469,653 shares traded.

Wall Street Analyst Weigh In

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

Rolls-Royce Holdings PLC Stock Performance

The stock’s fifty day moving average is $16.75 and its two-hundred day moving average is $16.60. 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

Institutional investors have recently added to or reduced their stakes in the company. Dorsey Wright & Associates acquired a new position in Rolls-Royce Holdings PLC during the third quarter worth $1,558,000. Bowen Hanes & Co. Inc. increased its holdings in Rolls-Royce Holdings PLC by 6.9% during the third 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 during the last quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. acquired a new position in Rolls-Royce Holdings PLC during the third quarter worth $1,690,000. Atlas Capital Advisors Inc. acquired a new position in Rolls-Royce Holdings PLC during the fourth quarter worth $863,000. Finally, PNC Financial Services Group Inc. increased its holdings in Rolls-Royce Holdings PLC by 65.4% during the first quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock worth $181,000 after buying an additional 4,641 shares during the last quarter. 0.07% of the stock is currently owned by institutional investors and hedge funds.

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.