Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Strong Trading Volume – Should You Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw unusually-high trading volume on Wednesday . Approximately 83,274 shares were traded 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.

Analyst Ratings Changes

DLAKY has been the subject of a number of research reports. Morgan Stanley began coverage on shares of Deutsche Lufthansa in a research note on Wednesday, October 15th. They set an “underweight” rating for the company. DZ Bank raised shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Friday, August 1st. Barclays raised shares of Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research note on Monday, August 4th. Finally, Citigroup cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 23rd. Four analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Reduce”.

Deutsche Lufthansa Stock Performance

The firm’s 50 day moving average price is $8.65 and its two-hundred day moving average price is $8.39. 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 firm has a market cap of $10.62 billion, a PE ratio of 5.31, a PEG ratio of 0.97 and a beta of 1.10.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. Deutsche Lufthansa had a net margin of 4.76% and a return on equity of 17.19%. The business had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $12.98 billion. On average, research analysts forecast 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 grew its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,270 shares of the transportation company’s stock after buying an additional 8,336 shares during the period. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 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.