Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $11.46, but opened at $10.65. Deutsche Lufthansa shares last traded at $10.69, with a volume of 30,460 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Morgan Stanley downgraded shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. Finally, Barclays lowered Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Reduce”.

Deutsche Lufthansa Price Performance

The company has a market cap of $12.60 billion, a P/E ratio of 6.99, a P/E/G ratio of 1.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 0.81. The stock has a 50-day simple moving average of $9.87 and a 200 day simple moving average of $9.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) EPS for the quarter, missing the consensus estimate of ($0.29) by ($0.35). The firm had revenue of $10.28 billion during the quarter, compared to the consensus estimate of $10.29 billion. Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%. On average, equities analysts expect that Deutsche Lufthansa AG will post 1.19 EPS for the current year.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.