MTU Aero Engines (OTCMKTS:MTUAY) Sees Unusually-High Trading Volume – Here’s Why

MTU Aero Engines AG (OTCMKTS:MTUAY) saw unusually-high trading volume on Thursday . 234,474 shares were traded during trading, an increase of 694% from the previous session’s volume of 29,534 shares.The stock last traded at $199.7550 and had previously closed at $197.30.

Analyst Ratings Changes

Several research firms have recently issued reports on MTUAY. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. Jefferies Financial Group restated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Barclays downgraded shares of MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a report on Friday, August 7th. Finally, Berenberg Bank cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, MTU Aero Engines has an average rating of “Hold”.

MTU Aero Engines Trading Up 0.9%

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.42 and a quick ratio of 1.06. The firm has a market cap of $21.75 billion, a price-to-earnings ratio of 19.77 and a beta of 1.02. The business’s 50-day moving average price is $207.04 and its two-hundred day moving average price is $195.10.

MTU Aero Engines (OTCMKTS:MTUAY) last released its earnings results on Thursday, July 30th. The company reported $2.82 EPS for the quarter, missing the consensus estimate of $2.83 by ($0.01). The firm had revenue of $2.83 billion during the quarter, compared to analysts’ expectations of $2.60 billion. MTU Aero Engines had a return on equity of 22.42% and a net margin of 10.43%. Equities analysts expect that MTU Aero Engines AG will post 11.32 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.