MTU Aero Engines (OTCMKTS:MTUAY) Reaches New 52-Week High – Here’s Why

MTU Aero Engines AG (OTCMKTS:MTUAY) shares hit a new 52-week high during trading on Friday . The company traded as high as $235.37 and last traded at $234.27, with a volume of 367 shares traded. The stock had previously closed at $224.22.

Analyst Ratings Changes

MTUAY has been the subject of a number of research reports. Zacks Research downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 16th. Royal Bank Of Canada upgraded shares of MTU Aero Engines to a “hold” rating in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating on shares of MTU Aero Engines in a report on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MTU Aero Engines has an average rating of “Moderate Buy”.

MTU Aero Engines Stock Up 4.0%

The company has a market cap of $25.11 billion, a price-to-earnings ratio of 25.27 and a beta of 1.08. The business has a fifty day moving average of $217.46 and a two-hundred day moving average of $217.00. The company has a current ratio of 1.39, a quick ratio of 1.04 and a debt-to-equity ratio of 0.58.

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.