Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – Should You Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares gapped up prior to trading on Monday. The stock had previously closed at $9.12, but opened at $9.74. Deutsche Lufthansa shares last traded at $9.71, with a volume of 28,311 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Deutsche Lufthansa Price Performance

The firm has a fifty day moving average of $8.58 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 company has a market capitalization of $11.66 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.54 and a beta of 1.17.

Institutional Trading of Deutsche Lufthansa

A hedge fund recently bought a new position in Deutsche Lufthansa stock. Fulton Bank N.A. bought a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,477 shares of the transportation company’s stock, valued at approximately $120,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a German aviation group whose businesses include passenger airlines, air cargo and aircraft maintenance. Its airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines and Eurowings, serving destinations in Europe and around the world.

The group also provides aviation services through businesses such as Lufthansa Cargo, which transports freight, and Lufthansa Technik, which maintains, repairs and overhauls aircraft and related equipment. Lufthansa’s main passenger hubs are Frankfurt and Munich.

The company traces its history to the original Deutsche Luft Hansa, founded in 1926.