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

Rolls-Royce Holdings PLC logo with Aerospace background

Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $13.42 and last traded at $13.38, with a volume of 230092 shares. The stock had previously closed at $13.26.

Analyst Ratings Changes

Separately, Kepler Capital Markets downgraded Rolls-Royce Holdings PLC from a "strong-buy" rating to a "hold" rating in a research report on Thursday.

Check Out Our Latest Stock Analysis on RYCEY

Rolls-Royce Holdings PLC Trading Up 1.0%

The stock's 50-day moving average is $11.31 and its two-hundred day moving average is $9.46.

Institutional Investors Weigh In On Rolls-Royce Holdings PLC

Several institutional investors have recently modified their holdings of RYCEY. SVB Wealth LLC purchased a new position in shares of Rolls-Royce Holdings PLC in the 4th quarter valued at $144,000. PNC Financial Services Group Inc. increased its position in Rolls-Royce Holdings PLC by 60.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 6,055 shares of the aerospace company's stock worth $43,000 after buying an additional 2,287 shares during the period. HighPoint Advisor Group LLC lifted its stake in Rolls-Royce Holdings PLC by 17.0% in the fourth quarter. HighPoint Advisor Group LLC now owns 30,464 shares of the aerospace company's stock valued at $233,000 after buying an additional 4,431 shares during the last quarter. Financial Avengers Inc. boosted its holdings in shares of Rolls-Royce Holdings PLC by 32.6% in the fourth quarter. Financial Avengers Inc. now owns 28,500 shares of the aerospace company's stock valued at $203,000 after acquiring an additional 7,000 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Rolls-Royce Holdings PLC by 1,025.7% during the first quarter. GAMMA Investing LLC now owns 287,865 shares of the aerospace company's stock worth $29,344,000 after buying an additional 262,292 shares during the last quarter. 0.07% of the stock is owned by hedge funds and other institutional investors.

Rolls-Royce Holdings PLC Company Profile

(Get Free Report)

Rolls-Royce Holdings plc develops and delivers complex power and propulsion solutions for air, sea, and land in the United Kingdom and internationally. The company operates through four segments: Civil Aerospace, Defence, Power Systems, and New Markets. The Civil Aerospace segment develops, manufactures, markets, and sells aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

See Also

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