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

MTU Aero Engines AG (OTCMKTS:MTUAY)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $170.78, but opened at $181.79. MTU Aero Engines shares last traded at $182.1595, with a volume of 2,724 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MTUAY. Zacks Research raised MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. Kepler Capital Markets raised MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 7th. Berenberg Bank cut MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. UBS Group cut MTU Aero Engines from a “hold” rating to a “sell” rating in a report on Friday, April 24th. Finally, Citigroup reissued a “sell” rating on shares of MTU Aero Engines in a report on Wednesday, February 25th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold”.

MTU Aero Engines Price Performance

The stock has a market capitalization of $19.73 billion, a price-to-earnings ratio of 17.13 and a beta of 1.02. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.06 and a current ratio of 1.44. The company has a fifty day simple moving average of $179.15 and a two-hundred day simple moving average of $201.86.

MTU Aero Engines (OTCMKTS:MTUAY) last announced its quarterly earnings data on Tuesday, February 24th. The company reported $2.67 earnings per share for the quarter. MTU Aero Engines had a return on equity of 24.07% and a net margin of 11.28%.The firm had revenue of $2.83 billion during the quarter. As a group, equities research analysts expect that MTU Aero Engines AG will post 11.47 earnings per share for the current fiscal 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.