MTU Aero Engines (OTCMKTS:MTUAY) Sets New 52-Week High – Here’s Why

MTU Aero Engines AG (OTCMKTS:MTUAY) shares reached a new 52-week high on Tuesday . The stock traded as high as $174.92 and last traded at $174.53, with a volume of 6499 shares traded. The stock had previously closed at $171.93.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upgraded shares of MTU Aero Engines from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th.

MTU Aero Engines Stock Performance

The company has a current ratio of 1.18, a quick ratio of 0.86 and a debt-to-equity ratio of 0.57. The firm’s 50-day moving average is $167.04 and its two-hundred day moving average is $156.83. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 24.65 and a beta of 1.44.

MTU Aero Engines (OTCMKTS:MTUAY) last released its quarterly earnings results on Thursday, October 24th. The company reported $2.02 earnings per share for the quarter. MTU Aero Engines had a net margin of 10.16% and a return on equity of 23.13%. The firm had revenue of $2.08 billion during the quarter. As a group, sell-side analysts expect that MTU Aero Engines AG will post 7.39 earnings per share for the current year.

MTU Aero Engines Company Profile

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).