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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY)’s stock price 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 changing hands.

Analyst Ratings Changes

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

Rolls-Royce Holdings PLC Trading Up 3.0%

The company has a quick ratio of 0.91, a current ratio of 1.20 and a debt-to-equity ratio of 1.03. The stock’s fifty day moving average price is $16.64 and its 200-day moving average price is $16.53.

Institutional Trading of Rolls-Royce Holdings PLC

Several hedge funds and other institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. boosted its holdings in shares of 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 worth $181,000 after buying an additional 4,641 shares during the period. Ascentis Independent Advisors bought a new stake in shares of Rolls-Royce Holdings PLC during the 1st quarter worth about $350,000. Pinnacle Wealth Management Advisory Group LLC bought a new stake in shares of Rolls-Royce Holdings PLC during the 1st quarter worth about $1,963,000. Financial Avengers Inc. boosted its holdings in shares of Rolls-Royce Holdings PLC by 18.9% during the 4th quarter. Financial Avengers Inc. now owns 78,925 shares of the aerospace company’s stock worth $1,241,000 after buying an additional 12,525 shares during the period. Finally, Dorsey Wright & Associates boosted its holdings in shares of 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 during the period. Institutional investors 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.