Deutsche Lufthansa (ETR:LHA) Shares Pass Above 200 Day Moving Average – Here’s Why

Deutsche Lufthansa AG (ETR:LHAGet Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €7.16 ($8.33) and traded as high as €7.33 ($8.52). Deutsche Lufthansa shares last traded at €7.28 ($8.47), with a volume of 2,205,000 shares changing hands.

Deutsche Lufthansa Stock Down 1.4%

The company has a debt-to-equity ratio of 137.28, a quick ratio of 0.78 and a current ratio of 0.82. The firm has a market capitalization of $8.92 billion, a P/E ratio of 9.86, a P/E/G ratio of 0.07 and a beta of 1.54. The stock has a fifty day moving average price of €7.66 and a two-hundred day moving average price of €7.16.

About Deutsche Lufthansa

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Deutsche Lufthansa AG operates as an aviation company worldwide. It operates in three segments: Passenger Airlines; Logistics; and Maintenance, Repair and Overhaul Services (MRO). The Passenger Airlines segment offers products and services to passengers of Lufthansa Airlines, SWISS, Austrian Airlines, Brussels Airlines, and Eurowings.

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