MTU Aero Engines (OTCMKTS:MTUAY) Sees Large Volume Increase – Here’s Why

MTU Aero Engines AG (OTCMKTS:MTUAY) saw unusually-high trading volume on Tuesday . Approximately 104,175 shares traded hands during trading, an increase of 366% from the previous session’s volume of 22,352 shares.The stock last traded at $192.10 and had previously closed at $193.67.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTUAY. Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. Kepler Capital Markets lowered shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Zacks Research cut MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

MTU Aero Engines Stock Up 0.3%

The business’s fifty day moving average is $219.02 and its two-hundred day moving average is $215.67. The stock has a market cap of $20.53 billion, a price-to-earnings ratio of 17.81 and a beta of 1.09. The company has a quick ratio of 1.04, a current ratio of 1.39 and a debt-to-equity ratio of 0.58.

MTU Aero Engines (OTCMKTS:MTUAY) last released its earnings results on Tuesday, February 24th. The company reported $2.67 earnings per share (EPS) for the quarter. The company had revenue of $2.83 billion for the quarter. MTU Aero Engines had a net margin of 11.74% and a return on equity of 24.66%. Equities analysts forecast that MTU Aero Engines AG will post 8.69 earnings per share 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.