MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Up – Here’s What Happened

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $208.08, but opened at $214.05. MTU Aero Engines shares last traded at $214.5040, with a volume of 581 shares traded.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. Barclays cut MTU Aero Engines from an “equal weight” rating to a “strong sell” rating in a research report on Friday, August 7th. Finally, Jefferies Financial Group restated a “buy” rating on shares of MTU Aero Engines in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

MTU Aero Engines Trading Up 3.3%

The business has a 50 day simple moving average of $206.04 and a 200-day simple moving average of $196.17. The stock has a market capitalization of $23.16 billion, a price-to-earnings ratio of 21.05 and a beta of 1.01. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54.

MTU Aero Engines (OTCMKTS:MTUAY) last posted its quarterly earnings results on Thursday, July 30th. The company reported $2.82 earnings per share for the quarter, missing analysts’ consensus estimates of $2.83 by ($0.01). The company had revenue of $2.83 billion for the quarter, compared to analysts’ expectations of $2.60 billion. MTU Aero Engines had a return on equity of 23.33% and a net margin of 10.43%. On average, equities analysts predict that MTU Aero Engines AG will post 11.03 earnings per share for the current year.

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.