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

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) shares reached a new 52-week high on Monday . The company traded as high as $20.20 and last traded at $20.19, with a volume of 237263 shares trading hands. The stock had previously closed at $19.84.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RYCEY shares. BNP Paribas Exane began coverage on shares of Rolls-Royce Holdings PLC in a research note on Friday, May 29th. They set an “outperform” rating for the company. Berenberg Bank raised Rolls-Royce Holdings PLC from a “hold” rating to a “buy” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Rolls-Royce Holdings PLC Stock Performance

The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.91 and a current ratio of 1.20. The stock’s 50 day moving average is $18.36 and its 200 day moving average is $17.37.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Wealth Management Advisory Group LLC purchased a new position in shares of Rolls-Royce Holdings PLC during the 1st quarter valued at $1,963,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Rolls-Royce Holdings PLC in the fourth quarter worth $863,000. Kingswood Wealth Advisors LLC bought a new stake in Rolls-Royce Holdings PLC during the fourth quarter valued at $367,000. Ascentis Independent Advisors bought a new stake in Rolls-Royce Holdings PLC during the first quarter valued at $350,000. Finally, Financial Avengers Inc. grew its position in Rolls-Royce Holdings PLC by 32.8% during the third quarter. Financial Avengers Inc. now owns 66,400 shares of the aerospace company’s stock worth $1,076,000 after buying an additional 16,400 shares in the last quarter. 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.