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 Tuesday . The stock had previously closed at $234.03, but opened at $219.02. MTU Aero Engines shares last traded at $218.33, with a volume of 2,503 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MTUAY shares. Royal Bank Of Canada raised MTU Aero Engines to a “hold” rating in a research note on Tuesday, November 18th. Citigroup reaffirmed a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday. Finally, Zacks Research upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, MTU Aero Engines has a consensus rating of “Moderate Buy”.

MTU Aero Engines Price Performance

The stock’s 50 day moving average is $222.20 and its two-hundred day moving average is $217.94. The stock has a market capitalization of $23.37 billion, a PE ratio of 20.27 and a beta of 1.08. 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 released its quarterly earnings data on Tuesday, February 24th. The company reported $2.67 earnings per share (EPS) for the quarter. MTU Aero Engines had a return on equity of 24.66% and a net margin of 11.74%.The business had revenue of $2.83 billion during the quarter. As a group, sell-side analysts forecast that MTU Aero Engines AG will post 8.69 earnings per share for the current fiscal year.

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.