MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – What’s Next?

MTU Aero Engines AG (OTCMKTS:MTUAY)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $192.6140, but opened at $201.04. MTU Aero Engines shares last traded at $200.0150, with a volume of 1,354 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on MTUAY. Berenberg Bank lowered shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. BNP Paribas Exane began coverage on MTU Aero Engines in a research report on Monday, April 13th. They issued an “outperform” rating on the stock. Kepler Capital Markets upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. Finally, UBS Group cut MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, MTU Aero Engines has a consensus rating of “Hold”.

MTU Aero Engines Price Performance

The business’s 50 day moving average price is $179.07 and its 200-day moving average price is $198.91. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The company has a market cap of $22.19 billion, a PE ratio of 19.27 and a beta of 1.03.

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.