Rolls-Royce Holdings PLC (OTCMKTS:RYCEY) Sees Unusually-High Trading Volume – Here’s Why
by Kim Johansen · The Markets DailyRolls-Royce Holdings PLC (OTCMKTS:RYCEY – Get Free Report) shares saw an uptick in trading volume on Tuesday . 6,196,862 shares changed hands during trading, an increase of 128% from the previous session’s volume of 2,721,721 shares.The stock last traded at $17.29 and had previously closed at $17.49.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on RYCEY shares. Berenberg Bank upgraded shares of Rolls-Royce Holdings PLC to a “hold” rating in a research report on Monday, October 20th. Royal Bank Of Canada began coverage on shares of Rolls-Royce Holdings PLC in a research report on Tuesday, November 18th. They set an “outperform” rating on the stock. One investment 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 stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.
View Our Latest Analysis on Rolls-Royce Holdings PLC
Rolls-Royce Holdings PLC Stock Down 0.7%
The company has a quick ratio of 0.94, a current ratio of 1.25 and a debt-to-equity ratio of 1.17. The business’s fifty day simple moving average is $15.40 and its 200 day simple moving average is $14.99.
Institutional Trading of Rolls-Royce Holdings PLC
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ORG Partners LLC grew its stake in 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 acquiring an additional 1,055 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Rolls-Royce Holdings PLC in the 4th quarter worth $33,000. Kelleher Financial Advisors acquired a new stake in Rolls-Royce Holdings PLC in the 3rd quarter valued at $37,000. Salomon & Ludwin LLC grew 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 purchasing an additional 2,938 shares during the period. Finally, Sterling Investment Advisors Ltd. bought a new stake in Rolls-Royce Holdings PLC during the 2nd quarter valued at $174,000. 0.07% of the stock is owned by institutional investors.
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.