Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Breaks Above Fifty Day Moving Average – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of $8.59 and traded as high as $8.88. Deutsche Lufthansa shares last traded at $8.72, with a volume of 246,034 shares trading hands.

Analysts Set New Price Targets

DLAKY has been the topic of several recent analyst reports. Citigroup cut Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Zacks Research lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Reduce”.

Deutsche Lufthansa Price Performance

The business has a fifty day moving average of $8.59 and a 200-day moving average of $9.49. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.48 billion, a PE ratio of 13.01, a PEG ratio of 0.57 and a beta of 1.17.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings data on Tuesday, November 3rd. The transportation company reported $1.47 EPS for the quarter, beating the consensus estimate of $0.82 by $0.65. The company had revenue of $13.71 billion during the quarter, compared to analysts’ expectations of $13.69 billion. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. As a group, research analysts predict that Deutsche Lufthansa AG will post 0.93 earnings per share for the current year.

Institutional Trading of Deutsche Lufthansa

A number of hedge funds have recently bought and sold shares of the company. Sterling Capital Management LLC bought a new position in Deutsche Lufthansa during the first quarter valued at approximately $204,000. Fulton Bank N.A. purchased a new stake in shares of Deutsche Lufthansa in the 2nd quarter valued at $120,000. Finally, GAMMA Investing LLC boosted its stake in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 4,779 shares in the last quarter.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.