Deutsche Lufthansa (ETR:LHA) Stock Crosses Above 200-Day Moving Average - Here's Why

Key Points

• Deutsche Lufthansa AG shares crossed above their 200-day moving average of €7.13, indicating potential upward momentum in the stock's performance.
• The company has a market capitalization of $9.15 billion and a PE ratio of 10.12, reflecting relatively strong valuation metrics in the aviation sector.
• Recent trading saw shares reach a high of €7.57 ($8.80), with a trading volume of approximately 3.2 million shares.

Shares of Deutsche Lufthansa AG (ETR:LHA - ) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of €7.13 ($8.29) and traded as high as €7.57 ($8.80). Deutsche Lufthansa shares last traded at €7.35 ($8.55), with a volume of 3,198,896 shares changing hands.

Deutsche Lufthansa Price Performance

The company has a market cap of $9.15 billion, a PE ratio of 10.12, a PEG ratio of 0.07 and a beta of 1.54. The company's 50-day simple moving average is €7.71 and its 200 day simple moving average is €7.13. The company has a debt-to-equity ratio of 137.28, a quick ratio of 0.78 and a current ratio of 0.82.

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.

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