Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down – Should You Sell?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped down before the market opened on Tuesday . The stock had previously closed at $9.04, but opened at $8.41. Deutsche Lufthansa shares last traded at $8.39, with a volume of 31,838 shares traded.

Analyst Ratings Changes

Several analysts have recently issued reports on DLAKY shares. Barclays raised Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a report on Monday, August 4th. Sanford C. Bernstein lowered Deutsche Lufthansa from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 2nd. Finally, DZ Bank raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. One investment analyst has rated the stock with a Strong Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

The company has a 50-day moving average of $9.00 and a 200-day moving average of $8.17. The company has a market cap of $10.11 billion, a PE ratio of 5.05, a PEG ratio of 1.37 and a beta of 1.17. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.45. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%.The business had revenue of $11.85 billion during the quarter, compared to the consensus estimate of $11.81 billion. As a group, analysts anticipate that Deutsche Lufthansa AG will post 0.87 earnings per share for the current year.

Institutional Trading of Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC increased its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 11,248.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 6,809 shares of the transportation company’s stock after purchasing an additional 6,749 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $50,000 as of its most recent SEC filing.

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.