MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Down – Time to Sell?

MTU Aero Engines AG (OTCMKTS:MTUAY) gapped down before the market opened on Tuesday . The stock had previously closed at $234.03, but opened at $219.02. MTU Aero Engines shares last traded at $218.33, with a volume of 2,503 shares.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Royal Bank Of Canada raised shares of MTU Aero Engines to a “hold” rating in a report on Tuesday, November 18th. Zacks Research upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

MTU Aero Engines Price Performance

The firm’s 50 day moving average price is $221.52 and its two-hundred day moving average price is $217.92. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.04. The stock has a market cap of $23.64 billion, a PE ratio of 23.79 and a beta of 1.08.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. MTU Aero Engines had a return on equity of 25.61% and a net margin of 10.79%. On average, research analysts expect that MTU Aero Engines AG will post 8.69 earnings per share for the current year.

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.