MTU Aero Engines (OTCMKTS:MTUAY) Sees Large Volume Increase – Time to Buy?

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY) saw unusually-strong trading volume on Tuesday . Approximately 104,175 shares were traded during trading, an increase of 366% from the previous session’s volume of 22,352 shares.The stock last traded at $192.10 and had previously closed at $193.67.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTUAY. Royal Bank Of Canada raised MTU Aero Engines to a “hold” rating in a research note on Tuesday, November 18th. Zacks Research raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Kepler Capital Markets lowered shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 26th. Finally, Citigroup restated a “sell” rating on shares of MTU Aero Engines in a research report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, MTU Aero Engines presently has an average rating of “Hold”.

MTU Aero Engines Stock Down 0.1%

The company has a market capitalization of $20.84 billion, a price-to-earnings ratio of 18.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.39 and a quick ratio of 1.04. The firm’s fifty day moving average price is $220.46 and its 200-day moving average price is $216.06.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings data on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. The company had revenue of $2.83 billion for the quarter. MTU Aero Engines had a return on equity of 24.66% and a net margin of 11.74%. Sell-side analysts expect 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.