MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – Here’s What Happened

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) gapped up prior to trading on Wednesday . The stock had previously closed at $208.08, but opened at $214.05. MTU Aero Engines shares last traded at $214.5040, with a volume of 581 shares changing hands.

Analyst Upgrades and Downgrades

MTUAY has been the subject of a number of analyst reports. Barclays cut MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research report on Friday, August 7th. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. Jefferies Financial Group restated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and three have issued 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 Stock Performance

The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44. The stock’s 50-day simple moving average is $206.77 and its two-hundred day simple moving average is $196.00. The stock has a market cap of $22.50 billion, a price-to-earnings ratio of 20.45 and a beta of 1.01.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.83 by ($0.01). The business had revenue of $2.83 billion during the quarter, compared to analyst estimates of $2.60 billion. MTU Aero Engines had a net margin of 10.43% and a return on equity of 23.33%. Analysts forecast that MTU Aero Engines AG will post 11.32 earnings per share for the current year.

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.