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

MTU Aero Engines AG (OTCMKTS:MTUAY)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $213.09, but opened at $203.81. MTU Aero Engines shares last traded at $204.26, with a volume of 1,119 shares changing hands.

Analyst Ratings Changes

MTUAY has been the topic of a number of recent analyst reports. Kepler Capital Markets raised shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 7th. UBS Group cut shares of MTU Aero Engines from a “hold” rating to a “sell” rating in a research note on Friday, April 24th. Berenberg Bank downgraded MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a report on Monday, May 11th. BNP Paribas Exane assumed coverage on MTU Aero Engines in a research report on Monday, April 13th. They issued an “outperform” rating on the stock. Finally, Zacks Research upgraded MTU Aero Engines from a “strong sell” rating to a “hold” rating in a report on Thursday, May 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

MTU Aero Engines Stock Performance

The stock’s 50-day moving average is $185.14 and its 200-day moving average is $199.15. The company has a current ratio of 1.44, a quick ratio of 1.06 and a debt-to-equity ratio of 0.54. The stock has a market cap of $22.33 billion, a price-to-earnings ratio of 19.39 and a beta of 1.01.

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.