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

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) saw unusually-strong trading volume on Wednesday . Approximately 46,621 shares traded hands during mid-day trading, an increase of 275% from the previous session’s volume of 12,445 shares.The stock last traded at $202.4630 and had previously closed at $204.91.

Analysts Set New Price Targets

Several research firms have commented on MTUAY. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 14th. Jefferies Financial Group restated a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, October 23rd. UBS Group cut MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 4th. The Goldman Sachs Group assumed coverage on MTU Aero Engines in a research note on Friday, September 19th. They issued a “hold” rating for the company. Finally, Zacks Research upgraded MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, MTU Aero Engines currently has a consensus rating of “Buy”.

MTU Aero Engines Stock Down 1.0%

The firm has a market cap of $21.85 billion, a PE ratio of 21.99 and a beta of 1.32. The company has a 50-day simple moving average of $217.99 and a 200-day simple moving average of $213.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.04.

MTU Aero Engines (OTCMKTS:MTUAY) last issued its quarterly earnings results on Thursday, October 23rd. The company reported $2.61 earnings per share (EPS) for the quarter. MTU Aero Engines had a return on equity of 25.61% and a net margin of 10.79%.The firm had revenue of $2.49 billion during the quarter. Analysts expect that MTU Aero Engines AG will post 8.69 earnings per share for the current fiscal year.

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).