Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Strong Trading Volume – Still a Buy?

Shares of Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) saw unusually-strong trading volume on Friday. 2,467,607 shares changed hands during trading, a decline of 23% from the previous session’s volume of 3,190,215 shares. The stock last traded at $18.09 and had previously closed at $18.11.

Rolls-Royce Holdings PLC Stock Performance

The company has a current ratio of 1.24, a quick ratio of 0.93 and a debt-to-equity ratio of 1.34. The firm’s fifty day moving average is $19.79 and its two-hundred day moving average is $18.38.

Hedge Funds Weigh In On Rolls-Royce Holdings PLC

A number of hedge funds and other institutional investors have recently modified their holdings of RYCEY. Henry James International Management Inc. increased its position in shares of Rolls-Royce Holdings PLC by 17.2% during the third quarter. Henry James International Management Inc. now owns 662,815 shares of the aerospace company’s stock valued at $12,870,000 after acquiring an additional 97,466 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Rolls-Royce Holdings PLC by 15.4% during the third quarter. GAMMA Investing LLC now owns 53,877 shares of the aerospace company’s stock worth $1,044,000 after acquiring an additional 7,189 shares during the period. Fulton Bank N.A. boosted its position in Rolls-Royce Holdings PLC by 28.3% in the second quarter. Fulton Bank N.A. now owns 15,668 shares of the aerospace company’s stock worth $300,000 after purchasing an additional 3,454 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Rolls-Royce Holdings PLC by 65.4% in the first quarter. PNC Financial Services Group Inc. now owns 11,736 shares of the aerospace company’s stock worth $181,000 after purchasing an additional 4,641 shares during the last quarter. Finally, Ascentis Independent Advisors purchased a new position in Rolls-Royce Holdings PLC in the first quarter worth $350,000. Hedge funds and other institutional investors own 0.07% of the company’s stock.

Rolls-Royce Holdings PLC Company Profile

Rolls-Royce Holdings plc is a United Kingdom-based industrial technology company that designs, manufactures and services power systems for civil aerospace, defense and other industrial applications. The company is separate from the automobile manufacturer that bears the Rolls-Royce name.

In its civil aerospace business, Rolls-Royce produces large commercial aircraft engines and provides long-term maintenance, repair and overhaul services. Its defense business supplies engines and power systems for military aircraft, naval vessels and land-based applications.