MTU Aero Engines (OTCMKTS:MTUAY) Sees Large Volume Increase – Time to Buy?

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) saw an uptick in trading volume on Thursday . Approximately 64,037 shares traded hands during mid-day trading, an increase of 141% from the previous session’s volume of 26,521 shares.The stock last traded at $196.70 and had previously closed at $189.49.

Analyst Ratings Changes

Several research firms recently issued reports on MTUAY. UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Zacks Research raised shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Berenberg Bank lowered MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. Finally, BNP Paribas Exane started coverage on MTU Aero Engines in a research note on Monday, April 13th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold”.

MTU Aero Engines Stock Performance

The stock’s 50-day moving average price is $178.72 and its 200 day moving average price is $199.01. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The company has a market cap of $21.11 billion, a P/E ratio of 18.32 and a beta of 1.03.

MTU Aero Engines Company Profile

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.