MTU Aero Engines (OTCMKTS:MTUAY) Sees Unusually-High Trading Volume – Time to Buy?

MTU Aero Engines AG (OTCMKTS:MTUAY) shares saw unusually-strong trading volume on Thursday . Approximately 64,037 shares changed hands during trading, an increase of 141% from the previous session’s volume of 26,521 shares.The stock last traded at $196.70 and had previously closed at $189.49.

Analyst Ratings Changes

Several brokerages have recently commented on MTUAY. Kepler Capital Markets upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 7th. Citigroup reissued a “sell” rating on shares of MTU Aero Engines in a research note on Wednesday, February 25th. UBS Group downgraded shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Finally, Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, MTU Aero Engines has a consensus rating of “Hold”.

MTU Aero Engines Trading Up 3.6%

The company has a market capitalization of $21.16 billion, a price-to-earnings ratio of 18.37 and a beta of 1.03. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average price is $178.43 and its two-hundred day moving average price is $199.09.

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.