Deutsche Lufthansa (OTCMKTS:DLAKY) Share Price Crosses Below 50-Day Moving Average – What’s Next?

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $7.28 and traded as low as $6.92. Deutsche Lufthansa shares last traded at $6.92, with a volume of 55,447 shares.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Citigroup upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Sanford C. Bernstein upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Barclays lowered Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Deutsche Lufthansa Trading Down 5.7 %

The stock’s 50 day simple moving average is $7.29 and its 200 day simple moving average is $6.90. The firm has a market cap of $7.82 billion, a PE ratio of 7.86, a PEG ratio of 1.07 and a beta of 1.16. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.77 and a current ratio of 0.82.

About Deutsche Lufthansa

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.