Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down – Here’s What Happened

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped down before the market opened on Monday . The stock had previously closed at $9.12, but opened at $8.67. Deutsche Lufthansa shares last traded at $8.95, with a volume of 14,597 shares traded.

Analyst Upgrades and Downgrades

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

Deutsche Lufthansa Stock Up 0.5%

The firm has a market capitalization of $10.56 billion, a PE ratio of 5.28, a price-to-earnings-growth ratio of 0.97 and a beta of 1.11. The firm’s 50-day moving average is $8.62 and its 200 day moving average is $8.51. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.71 and a current ratio of 0.78.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its 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 firm had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $12.98 billion. As a group, research analysts forecast that Deutsche Lufthansa AG will post 0.87 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

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

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.