MTU Aero Engines (OTCMKTS:MTUAY) Sees Large Volume Increase – What’s Next?

MTU Aero Engines AG (OTCMKTS:MTUAY) saw strong trading volume on Thursday . 234,474 shares traded hands during mid-day trading, an increase of 694% from the previous session’s volume of 29,534 shares.The stock last traded at $199.7550 and had previously closed at $197.30.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. 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. Jefferies Financial Group reissued a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. Zacks Research upgraded shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Barclays cut shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

MTU Aero Engines Price Performance

The company has a quick ratio of 1.06, a current ratio of 1.42 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $21.55 billion, a PE ratio of 19.59 and a beta of 1.02. The firm’s 50 day simple moving average is $207.21 and its 200 day simple moving average is $195.29.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its earnings results on Thursday, July 30th. The company reported $2.82 earnings per share for the quarter, missing the consensus estimate of $2.83 by ($0.01). The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.60 billion. MTU Aero Engines had a net margin of 10.43% and a return on equity of 22.42%. As a group, research analysts anticipate that MTU Aero Engines AG will post 11.32 EPS for the current fiscal 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.