MTU Aero Engines (OTCMKTS:MTUAY) Sees Strong Trading Volume – Still a Buy?

MTU Aero Engines AG (OTCMKTS:MTUAY) saw strong trading volume on Tuesday . 38,621 shares traded hands during mid-day trading, an increase of 222% from the previous session’s volume of 12,010 shares.The stock last traded at $227.0450 and had previously closed at $221.3425.

Wall Street Analyst Weigh In

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

MTU Aero Engines Stock Performance

The business’s 50 day simple moving average is $213.13 and its 200 day simple moving average is $216.88. The company has a market cap of $24.02 billion, a P/E ratio of 24.18 and a beta of 1.10. 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.