MTU Aero Engines (OTCMKTS:MTUAY) Reaches New 12-Month High – Here’s What Happened

MTU Aero Engines AG (OTCMKTS:MTUAY)’s share price hit a new 52-week high on Friday . The stock traded as high as $235.37 and last traded at $234.27, with a volume of 367 shares trading hands. The stock had previously closed at $224.22.

Analyst Ratings Changes

Several brokerages have commented on MTUAY. Zacks Research cut shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Royal Bank Of Canada raised shares of MTU Aero Engines to a “hold” rating in a research note on Tuesday, November 18th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

MTU Aero Engines Stock Performance

The firm’s 50 day simple moving average is $218.07 and its 200-day simple moving average is $217.18. 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 company has a market capitalization of $25.24 billion, a price-to-earnings ratio of 25.40 and a beta of 1.08.

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.