Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Unusually-High Trading Volume – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw unusually-strong trading volume on Friday . Approximately 264,668 shares were traded during trading, an increase of 482% from the previous session’s volume of 45,465 shares.The stock last traded at $10.6910 and had previously closed at $11.0850.

Wall Street Analysts Forecast Growth

DLAKY has been the topic of several recent research reports. Zacks Research lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. raised shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Kepler Capital Markets raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. Barclays lowered shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. Finally, Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research note on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Deutsche Lufthansa Price Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.77 and a current ratio of 0.85. The stock has a market capitalization of $12.90 billion, a PE ratio of 6.68, a price-to-earnings-growth ratio of 0.73 and a beta of 0.87. The stock’s 50 day moving average is $10.33 and its two-hundred day moving average is $9.46.

About Deutsche Lufthansa

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.