MTU Aero Engines (ETR:MTX) Trading Down 0.6% – Here’s Why

Shares of MTU Aero Engines AG (ETR:MTX) fell 0.6% during mid-day trading on Wednesday . The company traded as low as €380.20 and last traded at €383.80. 82,417 shares were traded during mid-day trading, a decline of 54% from the average session volume of 178,994 shares. The stock had previously closed at €386.20.

MTU Aero Engines Stock Down 0.6%

The company has a market cap of $20.63 billion, a PE ratio of -33.60, a P/E/G ratio of 1.34 and a beta of 1.49. The firm has a 50-day simple moving average of €368.43 and a two-hundred day simple moving average of €370.96. The company has a debt-to-equity ratio of 54.76, a current ratio of 1.18 and a quick ratio of 0.90.

About MTU Aero Engines

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). The company offers commercial aircraft engines for wide body jets, narrow body and regional jets, business jets, and turboprops; military aircraft engines for fighter jets, helicopters, and transporters; and industrial gas turbines.