MTU Aero Engines (OTCMKTS:MTUAY) Sees Strong Trading Volume - Here's Why

Key Points

• Trading volume surged 694% to approximately 234,474 shares, while MTUAY traded around $199.76 versus the previous close of $197.30.
• Analyst views remain mixed, with ratings ranging from Strong Buy to Strong Sell; MarketBeat reports a consensus rating of Hold.
• MTU Aero Engines narrowly missed quarterly EPS estimates at $2.82 versus $2.83 expected, but revenue of $2.83 billion exceeded expectations of $2.60 billion.

Shares of MTU Aero Engines AG (OTCMKTS:MTUAY - Get Free Report) saw strong trading volume on Thursday . Approximately 234,474 shares were traded during mid-day trading, an increase of 694% from the previous session's volume of 29,534 shares.The stock last traded at $199.7550 and had previously closed at $197.30.

Wall Street Analyst Weigh In

MTUAY has been the topic of a number of research reports. Berenberg Bank cut shares of MTU Aero Engines from a "strong-buy" rating to a "hold" rating in a report on Monday, May 11th. Zacks Research upgraded MTU Aero Engines from a "strong sell" rating to a "hold" rating in a research note on Thursday, May 14th. Barclays lowered shares of MTU Aero Engines from an "equal weight" rating to a "strong sell" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of MTU Aero Engines in a report on Thursday, August 13th. Finally, Jefferies Financial Group restated a "buy" rating on shares of MTU Aero Engines in a research report on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, MTU Aero Engines currently has a consensus rating of "Hold".

MTU Aero Engines Stock Performance

The company has a current ratio of 1.42, a quick ratio of 1.06 and a debt-to-equity ratio of 0.50. The business's 50 day moving average is $207.21 and its two-hundred day moving average is $195.29. The company has a market cap of $21.55 billion, a PE ratio of 19.59 and a beta of 1.02.

MTU Aero Engines (OTCMKTS:MTUAY - Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The company reported $2.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.83 by ($0.01). The business had revenue of $2.83 billion during the quarter, compared to analysts' expectations of $2.60 billion. MTU Aero Engines had a return on equity of 22.42% and a net margin of 10.43%. On average, equities research analysts anticipate that MTU Aero Engines AG will post 11.32 EPS for the current 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.

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