MTU Aero Engines (OTCMKTS:MTUAY) Sees Strong Trading Volume – Here’s What Happened

MTU Aero Engines AG (OTCMKTS:MTUAY) saw unusually-high trading volume on Tuesday . Approximately 101,448 shares were traded during mid-day trading, an increase of 296% from the previous session’s volume of 25,642 shares.The stock last traded at $181.88 and had previously closed at $182.26.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MTUAY. Kepler Capital Markets lowered MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Citigroup reissued a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. Finally, Zacks Research cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, March 16th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MTU Aero Engines presently has an average rating of “Hold”.

MTU Aero Engines Price Performance

The company’s 50-day simple moving average is $216.42 and its 200 day simple moving average is $214.83. The company has a market capitalization of $19.53 billion, a P/E ratio of 16.93 and a beta of 1.09. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.58.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. The business had revenue of $2.83 billion for the quarter. MTU Aero Engines had a net margin of 11.74% and a return on equity of 24.66%. As a group, sell-side analysts expect that MTU Aero Engines AG will post 8.69 earnings per share for the current fiscal year.

About MTU Aero Engines

MTU Aero Engines AG is a German aircraft engine manufacturer headquartered in Munich that develops, manufactures and services commercial and military aero engines as well as industrial gas turbines. The company’s activities span the entire engine lifecycle, from conceptual design and development through production of modules and components to aftermarket maintenance, repair and overhaul (MRO). MTU supplies parts and technical solutions for a broad range of jet engines and turbomachinery used by airlines, MRO providers and defense customers.

In addition to core engine development and manufacturing, MTU offers comprehensive aftermarket services including scheduled and unscheduled maintenance, spare parts distribution, repair technologies and fleet support programs.