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

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped down prior to trading on Wednesday . The stock had previously closed at $11.46, but opened at $10.65. Deutsche Lufthansa shares last traded at $10.69, with a volume of 30,460 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DLAKY shares. Zacks Research upgraded Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group lowered Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research note on Friday, March 20th. Finally, Barclays cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Down 6.4%

The company has a market cap of $12.60 billion, a P/E ratio of 6.99, a PEG ratio of 1.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.81 and a quick ratio of 0.73. The business’s 50 day moving average price is $9.87 and its 200-day moving average price is $9.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. On average, analysts anticipate that Deutsche Lufthansa AG will post 1.19 earnings per share for the current fiscal year.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new stake in Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,628 shares of the transportation company’s stock, valued at approximately $204,000.

Deutsche Lufthansa Company Profile

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.