MTU Aero Engines (OTCMKTS:MTUAY) Hits New 52-Week High – Time to Buy?

MTU Aero Engines AG (OTCMKTS:MTUAY) hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $238.57 and last traded at $237.8450, with a volume of 22962 shares changing hands. The stock had previously closed at $237.60.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MTUAY shares. Zacks Research raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Royal Bank Of Canada upgraded MTU Aero Engines to a “hold” rating in a report on Tuesday, November 18th. Finally, Jefferies Financial Group restated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy”.

MTU Aero Engines Stock Up 0.1%

The firm’s 50-day simple moving average is $219.83 and its 200 day simple moving average is $217.64. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.04 and a current ratio of 1.39. The stock has a market capitalization of $25.60 billion, a P/E ratio of 25.77 and a beta of 1.08.

MTU Aero Engines Company Profile

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.