MTU Aero Engines (ETR:MTX) Stock Price Down 1.3% – Here’s Why

MTU Aero Engines AG (ETR:MTX)’s share price traded down 1.3% during trading on Friday . The company traded as low as €334.00 and last traded at €336.30. Approximately 151,203 shares changed hands during trading, a decline of 16% from the average session volume of 178,994 shares. The stock had previously closed at €340.90.

MTU Aero Engines Price Performance

The company has a debt-to-equity ratio of 56.28, a current ratio of 1.44 and a quick ratio of 0.90. The stock has a 50 day simple moving average of €328.76 and a two-hundred day simple moving average of €340.44. The company has a market cap of $18.08 billion, a price-to-earnings ratio of -29.44, a price-to-earnings-growth ratio of 1.34 and a beta of 0.90.

MTU Aero Engines Company Profile

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business). The company offers commercial aircraft engines for wide body jets, narrow body and regional jets, business jets, and turboprops; military aircraft engines for fighter jets, helicopters, and transporters; and industrial gas turbines.