MTU Aero Engines (OTCMKTS:MTUAY) Shares Gap Down – Time to Sell?

MTU Aero Engines AG (OTCMKTS:MTUAY) shares gapped down prior to trading on Wednesday . The stock had previously closed at $230.55, but opened at $220.40. MTU Aero Engines shares last traded at $221.15, with a volume of 3,062 shares trading hands.

Analysts Set New Price Targets

A number of research firms have issued reports on MTUAY. Jefferies Financial Group reiterated a “buy” rating on shares of MTU Aero Engines in a report on Thursday, October 23rd. Zacks Research downgraded shares of MTU Aero Engines from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 16th. Finally, Royal Bank Of Canada raised shares of MTU Aero Engines to a “hold” rating in a research report on Tuesday, November 18th. 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 stock. Based on data from MarketBeat.com, MTU Aero Engines presently has a consensus rating of “Moderate Buy”.

MTU Aero Engines Stock Down 1.2%

The company has a market capitalization of $23.75 billion, a PE ratio of 23.90 and a beta of 1.10. 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’s 50-day moving average is $213.13 and its 200 day moving average is $216.88.

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.