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Deutsche Lufthansa (ETR:LHA) Stock Passes Above 200 Day Moving Average - Here's What Happened

Deutsche Lufthansa logo with Industrials background

Key Points

  • Deutsche Lufthansa's stock has recently traded above its 200-day moving average of €7.11, reaching a high of €7.61 during the trading session.
  • The company has a market capitalization of $9.43 billion and a PE ratio of 10.42, indicating potential financial health and value for investors.
  • Deutsche Lufthansa operates across three main segments: Passenger Airlines, Logistics, and Maintenance, Repair and Overhaul Services, providing a diversified business model in the aviation sector.
  • MarketBeat previews top five stocks to own in October.

Shares of Deutsche Lufthansa AG (ETR:LHA - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €7.11 ($8.36) and traded as high as €7.61 ($8.95). Deutsche Lufthansa shares last traded at €7.57 ($8.91), with a volume of 1,874,423 shares.

Deutsche Lufthansa Stock Performance

The company has a market capitalization of $9.35 billion, a P/E ratio of 10.34, a PEG ratio of 0.07 and a beta of 1.54. The stock has a fifty day simple moving average of €7.72 and a 200-day simple moving average of €7.12. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 137.28.

Deutsche Lufthansa Company Profile

(Get Free Report)

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.

Further Reading

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