Deutsche Lufthansa (ETR:LHA) Stock Price Passes Above 200 Day Moving Average - What's Next?

Key Points

• Deutsche Lufthansa's stock price has recently surpassed its 200-day moving average, reaching €7.41 ($8.72) during trading, before closing at €7.36 ($8.66).
• The company has a substantial market capitalization of $9.11 billion and a P/E ratio of 10.07, indicating reasonable valuations in the current market.
• Deutsche Lufthansa operates in multiple segments including Passenger Airlines, Logistics, and Maintenance, Repair and Overhaul Services, catering to various aspects of the aviation industry.

Deutsche Lufthansa AG (ETR:LHA - )'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €7.14 ($8.40) and traded as high as €7.41 ($8.72). Deutsche Lufthansa shares last traded at €7.36 ($8.66), with a volume of 3,869,380 shares traded.

Deutsche Lufthansa Stock Down 0.3%

The company has a market capitalization of $9.11 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.07 and a beta of 1.54. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 137.28. The firm has a fifty day simple moving average of €7.73 and a 200-day simple moving average of €7.14.

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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