MTU Aero Engines AG (OTCMKTS:MTUAY) Sees Large Decrease in Short Interest

MTU Aero Engines AG (OTCMKTS:MTUAY) was the target of a large decrease in short interest in the month of April. As of April 30th, there was short interest totaling 3,931 shares, a decrease of 67.2% from the April 15th total of 11,990 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 63,078 shares, the days-to-cover ratio is currently 0.1 days.

MTU Aero Engines Price Performance

Shares of MTUAY traded down $8.23 during trading hours on Friday, hitting $158.39. 16,273 shares of the stock were exchanged, compared to its average volume of 25,573. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44. MTU Aero Engines has a 12-month low of $157.93 and a 12-month high of $238.57. The company has a market cap of $17.06 billion, a price-to-earnings ratio of 14.82 and a beta of 1.02. The stock’s 50-day moving average price is $185.09 and its two-hundred day moving average price is $205.12.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its quarterly earnings results on Tuesday, February 24th. The company reported $2.67 EPS for the quarter. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%.The firm had revenue of $2.83 billion during the quarter. Research analysts expect that MTU Aero Engines will post 11.47 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MTUAY. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday. BNP Paribas Exane began coverage on MTU Aero Engines in a research note on Monday, April 13th. They set an “outperform” rating for the company. Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. Finally, Zacks Research downgraded MTU Aero Engines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 15th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, MTU Aero Engines has a consensus rating of “Hold”.

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.