MTU Aero Engines (OTCMKTS:MTUAY) Sees Large Volume Increase – Should You Buy?

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) saw strong trading volume on Monday . 96,839 shares traded hands during mid-day trading, an increase of 266% from the previous session’s volume of 26,441 shares.The stock last traded at $199.2850 and had previously closed at $194.69.

Analysts Set New Price Targets

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

MTU Aero Engines Trading Up 2.3%

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 firm’s fifty day moving average is $189.69 and its two-hundred day moving average is $198.01. The firm has a market cap of $21.45 billion, a P/E ratio of 18.62 and a beta of 1.01.

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.