Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Crosses Below Fifty Day Moving Average – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $9.74 and traded as low as $8.8950. Deutsche Lufthansa shares last traded at $8.90, with a volume of 140,395 shares trading hands.

Analysts Set New Price Targets

Several research analysts have weighed in on DLAKY shares. Citigroup lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Wednesday, July 8th. Zacks Research cut Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Finally, Morgan Stanley downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and five have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce”.

Deutsche Lufthansa Price Performance

The company’s 50-day simple moving average is $9.74 and its 200 day simple moving average is $9.61. The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $10.70 billion, a price-to-earnings ratio of 13.28, a P/E/G ratio of 0.55 and a beta of 0.97.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The company had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%. Equities research analysts forecast that Deutsche Lufthansa AG will post 0.99 EPS for the current year.

Institutional Investors Weigh In On Deutsche Lufthansa

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. acquired a new stake in Deutsche Lufthansa in the 2nd quarter worth approximately $120,000. GAMMA Investing LLC grew its holdings in Deutsche Lufthansa by 52.1% during the second 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 during the last quarter. Finally, Sterling Capital Management LLC bought a new position in shares of Deutsche Lufthansa in the first quarter valued at approximately $204,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG, commonly known as the Lufthansa Group, is a German aviation company headquartered in Cologne. Its principal business is the operation of passenger airlines serving domestic, European and intercontinental markets. The group’s airline brands include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, Discover Airlines and other affiliated carriers.

In addition to passenger transportation, the Lufthansa Group operates businesses across the aviation services sector.