MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Down – What’s Next?

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped down prior to trading on Thursday . The stock had previously closed at $213.09, but opened at $203.81. MTU Aero Engines shares last traded at $204.26, with a volume of 1,119 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on MTUAY. Berenberg Bank downgraded shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. BNP Paribas Exane began coverage on shares of MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating for the company. Zacks Research upgraded shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Finally, UBS Group lowered shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, MTU Aero Engines currently has a consensus rating of “Hold”.

MTU Aero Engines Stock Performance

The company has a market capitalization of $22.33 billion, a price-to-earnings ratio of 19.39 and a beta of 1.01. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The stock’s fifty day simple moving average is $183.51 and its 200-day simple moving average is $199.12.

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.