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

MTU Aero Engines AG (OTCMKTS:MTUAY) shares saw unusually-high trading volume on Thursday . Approximately 64,037 shares were traded during trading, an increase of 141% from the previous session’s volume of 26,521 shares.The stock last traded at $196.70 and had previously closed at $189.49.

Analysts Set New Price Targets

Several equities analysts have recently commented on MTUAY shares. UBS Group downgraded MTU Aero Engines from a “hold” rating to a “sell” rating in a research report on Friday, April 24th. BNP Paribas Exane initiated coverage on MTU Aero Engines in a research note on Monday, April 13th. They issued an “outperform” rating for the company. 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 research report on Monday, May 11th. Finally, Zacks Research raised shares of MTU Aero Engines from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

MTU Aero Engines Trading Up 3.6%

The firm has a market capitalization of $21.16 billion, a P/E ratio of 18.37 and a beta of 1.03. The company has a quick ratio of 1.06, a current ratio of 1.44 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $178.43 and a 200-day moving average of $199.09.

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.