Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Strong Trading Volume – Time to Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares saw strong trading volume on Wednesday . 83,274 shares traded hands during trading, an increase of 24% from the previous session’s volume of 67,092 shares.The stock last traded at $8.80 and had previously closed at $8.90.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on DLAKY shares. Morgan Stanley started coverage on shares of Deutsche Lufthansa in a research note on Wednesday, October 15th. They set an “underweight” rating for the company. DZ Bank upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 23rd. Finally, Barclays upgraded shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Monday, August 4th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Deutsche Lufthansa presently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Down 1.9%

The firm’s 50-day moving average is $8.61 and its two-hundred day moving average is $8.41. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.78. The stock has a market cap of $10.15 billion, a P/E ratio of 5.07, a PEG ratio of 0.97 and a beta of 1.11.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. The business had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.98 billion. Deutsche Lufthansa had a return on equity of 17.19% and a net margin of 4.76%. On average, equities research analysts anticipate that Deutsche Lufthansa AG will post 0.87 earnings per share for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC raised its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 9,270 shares of the transportation company’s stock after acquiring an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent reporting period.

Deutsche Lufthansa Company Profile

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.