Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $15.94, but opened at $15.31. Rolls-Royce Holdings PLC shares last traded at $15.1890, with a volume of 445,420 shares changing hands.
Analysts Set New Price Targets
Separately, Wells Fargo & Company upgraded shares of Rolls-Royce Holdings PLC to a "strong-buy" rating in a report on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Rolls-Royce Holdings PLC presently has a consensus rating of "Moderate Buy".
Get Our Latest Research Report on Rolls-Royce Holdings PLC
Rolls-Royce Holdings PLC Trading Down 4.0%
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 company's 50-day simple moving average is $16.98 and its 200-day simple moving average is $16.04.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. ORG Partners LLC grew its position in Rolls-Royce Holdings PLC by 115.3% during the 3rd quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company's stock worth $32,000 after purchasing an additional 1,055 shares during the last quarter. Rhumbline Advisers grew its position in Rolls-Royce Holdings PLC by 1.5% during the 2nd quarter. Rhumbline Advisers now owns 82,415 shares of the aerospace company's stock worth $1,103,000 after purchasing an additional 1,205 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Rolls-Royce Holdings PLC by 30.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company's stock worth $112,000 after purchasing an additional 1,658 shares during the last quarter. AdvisorShares Investments LLC grew its position in Rolls-Royce Holdings PLC by 2.8% during the 4th quarter. AdvisorShares Investments LLC now owns 68,381 shares of the aerospace company's stock worth $1,075,000 after purchasing an additional 1,881 shares during the last quarter. Finally, Dorsey Wright & Associates grew its position in 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 purchasing an additional 2,117 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
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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.
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