Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Strong Trading Volume – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares saw unusually-strong trading volume on Monday . Approximately 48,061 shares were traded during mid-day trading, a decline of 1% from the previous session’s volume of 48,467 shares.The stock last traded at $10.21 and had previously closed at $10.28.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on DLAKY shares. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 23rd. Kepler Capital Markets raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Friday, December 12th. JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research report on Monday, December 1st. Finally, Morgan Stanley upgraded Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Deutsche Lufthansa Trading Down 1.0%

The company has a quick ratio of 0.77, a current ratio of 0.85 and a debt-to-equity ratio of 1.05. The business’s fifty day moving average is $9.55 and its 200-day moving average is $9.04. The stock has a market capitalization of $12.20 billion, a PE ratio of 6.32, a P/E/G ratio of 1.29 and a beta of 0.86.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $12.98 billion. Deutsche Lufthansa had a net margin of 4.45% and a return on equity of 15.73%. As a group, analysts anticipate that Deutsche Lufthansa AG will post 0.87 EPS 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 lifted its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 892.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,270 shares of the transportation company’s stock after acquiring an additional 8,336 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $78,000 as of its most recent filing with the Securities and Exchange Commission.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world’s largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group’s passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.