MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Down – What’s Next?

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped down before the market opened on Thursday . The stock had previously closed at $213.09, but opened at $203.81. MTU Aero Engines shares last traded at $204.26, with a volume of 1,119 shares.

Wall Street Analysts Forecast Growth

MTUAY has been the topic of a number of analyst reports. Berenberg Bank lowered MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 11th. BNP Paribas Exane assumed coverage on MTU Aero Engines in a research report on Monday, April 13th. They set an “outperform” rating for the company. Zacks Research upgraded shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 14th. UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Finally, Kepler Capital Markets upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

MTU Aero Engines Stock Performance

The firm has a fifty day simple moving average of $183.51 and a 200-day simple moving average of $199.12. The company has a market cap of $22.33 billion, a PE ratio of 19.39 and a beta of 1.01. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54.

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.