Rolls-Royce Holdings PLC (OTCMKTS:RYCEY - Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $16.85, but opened at $17.74. Rolls-Royce Holdings PLC shares last traded at $17.75, with a volume of 553,950 shares trading hands.
Wall Street Analyst Weigh In
Separately, Royal Bank Of Canada assumed coverage on Rolls-Royce Holdings PLC in a report on Tuesday, November 18th. They issued an "outperform" rating for the company. Two investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy".
View Our Latest Stock Analysis on RYCEY
Rolls-Royce Holdings PLC Price Performance
The company's 50 day moving average is $17.33 and its two-hundred day moving average is $15.86. The company has a debt-to-equity ratio of 1.17, a current ratio of 1.25 and a quick ratio of 0.94.
Hedge Funds Weigh In On Rolls-Royce Holdings PLC
Institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC increased its stake in shares of Rolls-Royce Holdings PLC by 115.3% in the third quarter. ORG Partners LLC now owns 1,970 shares of the aerospace company's stock valued at $32,000 after buying an additional 1,055 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Rolls-Royce Holdings PLC during the 4th quarter worth about $33,000. Kelleher Financial Advisors acquired a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at about $37,000. Salomon & Ludwin LLC increased its position in Rolls-Royce Holdings PLC by 2,646.8% in the 3rd quarter. Salomon & Ludwin LLC now owns 3,049 shares of the aerospace company's stock valued at $48,000 after acquiring an additional 2,938 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Rolls-Royce Holdings PLC by 30.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,095 shares of the aerospace company's stock worth $112,000 after acquiring an additional 1,658 shares during the last quarter. 0.07% of the stock is owned by 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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