Rolls-Royce Holding PLC (OTCMKTS:RYCEY) Sets New 12-Month Low at $9.40

Rolls-Royce Holding PLC (OTCMKTS:RYCEY)’s share price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $9.40 and last traded at $9.46, with a volume of 597764 shares traded. The stock had previously closed at $10.07.

Several research analysts recently issued reports on the company. Zacks Investment Research downgraded Rolls-Royce Holding PLC from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. ValuEngine upgraded Rolls-Royce Holding PLC from a “hold” rating to a “buy” rating in a research report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $13.00.

The company’s 50 day simple moving average is $10.86. The company has a market capitalization of $18.05 billion, a P/E ratio of 45.43, a PEG ratio of 1.87 and a beta of 0.95.

Institutional investors have recently made changes to their positions in the stock. Canandaigua National Bank & Trust Co. purchased a new stake in Rolls-Royce Holding PLC during the 2nd quarter worth $108,000. Park National Corp OH purchased a new stake in Rolls-Royce Holding PLC during the 2nd quarter worth $127,000. Quadrant Capital Group LLC boosted its position in Rolls-Royce Holding PLC by 108.4% during the 1st quarter. Quadrant Capital Group LLC now owns 19,386 shares of the aerospace company’s stock worth $223,000 after purchasing an additional 10,085 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its position in Rolls-Royce Holding PLC by 8.3% during the 1st quarter. Parametric Portfolio Associates LLC now owns 2,192,959 shares of the aerospace company’s stock worth $25,943,000 after purchasing an additional 168,361 shares during the period. 0.13% of the stock is owned by hedge funds and other institutional investors.

About Rolls-Royce Holding PLC (OTCMKTS:RYCEY)

Rolls-Royce Holdings plc operates as an industrial technology company worldwide. It operates through four segments: Civil Aerospace, Power Systems, Defence, and ITP Aero. The Civil Aerospace segment manufactures aero engines for large commercial aircraft, regional jet, and business aviation markets, as well as provides aftermarket services.

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