MTU Aero Engines (ETR:MTX) Trading Up 0.1% – Here’s Why

Shares of MTU Aero Engines AG (ETR:MTX) were up 0.1% on Tuesday . The company traded as high as €304.20 and last traded at €302.10. Approximately 188,015 shares changed hands during trading, an increase of 5% from the average daily volume of 178,994 shares. The stock had previously closed at €301.80.

MTU Aero Engines Trading Down 1.1%

The business has a 50 day moving average of €305.20 and a two-hundred day moving average of €341.63. The company has a debt-to-equity ratio of 56.28, a quick ratio of 0.90 and a current ratio of 1.44. The firm has a market capitalization of $16.14 billion, a price-to-earnings ratio of -26.29, a P/E/G ratio of 1.34 and a beta of 0.89.

About MTU Aero Engines

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business). The company offers commercial aircraft engines for wide body jets, narrow body and regional jets, business jets, and turboprops; military aircraft engines for fighter jets, helicopters, and transporters; and industrial gas turbines.