Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – What’s Next?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped up prior to trading on Monday. The stock had previously closed at $7.86, but opened at $8.1165. Deutsche Lufthansa shares last traded at $8.02, with a volume of 8,105 shares.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Citigroup lowered Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 8th. Zacks Research cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce”.

Deutsche Lufthansa Trading Up 2.3%

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.78 and a current ratio of 0.86. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 0.54 and a beta of 0.97. The business’s 50-day simple moving average is $8.71 and its 200-day simple moving average is $9.43.

Deutsche Lufthansa (OTCMKTS:DLAKY) last issued its earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.21). Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. The business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.76 billion. On average, research analysts expect that Deutsche Lufthansa AG will post 0.93 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Lufthansa

A number of institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC bought a new stake in shares of Deutsche Lufthansa during the 1st quarter valued at $204,000. Fulton Bank N.A. bought a new position in shares of Deutsche Lufthansa in the 2nd quarter worth $120,000. Finally, GAMMA Investing LLC boosted its position in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after purchasing an additional 4,779 shares during the last quarter.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.