MTU Aero Engines (OTCMKTS:MTUAY) Stock Price Down 0.6% - Here's What Happened

Key Points

• MTU Aero Engines stock experienced a 0.6% decline, with shares trading as low as $217.98 and closing at $221.03 on Wednesday.
• Analysts have varied opinions on the stock, with one maintaining a Strong Buy rating, while others have downgraded it to a Hold rating.
• The company reported a quarterly earnings of $2.71 per share and total revenue of $2.37 billion, maintaining a net margin of 10.60% and a return on equity of 24.07%.

MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) fell 0.6% during trading on Wednesday . The stock traded as low as $217.98 and last traded at $221.03. 4,548 shares were traded during trading, a decline of 47% from the average session volume of 8,557 shares. The stock had previously closed at $222.33.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. The Goldman Sachs Group assumed coverage on shares of MTU Aero Engines in a research note on Friday, September 19th. They issued a "hold" rating for the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of MTU Aero Engines in a report on Thursday, August 14th. Zacks Research downgraded shares of MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 29th. Finally, UBS Group lowered MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a research note on Thursday, September 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

MTU Aero Engines Price Performance

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 $23.79 billion, a PE ratio of 25.52 and a beta of 1.31. The company's fifty day simple moving average is $220.32 and its two-hundred day simple moving average is $205.28.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $2.71 earnings per share (EPS) for the quarter. The company had revenue of $2.37 billion for the quarter. MTU Aero Engines had a net margin of 10.60% and a return on equity of 24.07%. As a group, sell-side analysts predict that MTU Aero Engines AG will post 8.69 EPS for the current year.

About MTU Aero Engines

MTU Aero Engines AG, together with its subsidiaries, engages in the development, manufacture, marketing, and maintenance of commercial and military aircraft engines, and aero-derivative industrial gas turbines in Germany, other European countries, North America, Asia, and internationally. It operates through two segments: Original Equipment Manufacturing (OEM Business); and Maintenance, Repair, and Overhaul (MRO Business).

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