Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down - Here's Why

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) gapped down before the market opened on Monday . The stock had previously closed at $8.58, but opened at $8.19. Deutsche Lufthansa shares last traded at $8.43, with a volume of 1,046 shares traded.

Analysts Set New Price Targets

DLAKY has been the topic of several research reports. Barclays lowered shares of Deutsche Lufthansa from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, March 12th. Sanford C. Bernstein cut shares of Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold".

Deutsche Lufthansa Stock Performance

The firm has a 50-day simple moving average of $7.87 and a two-hundred day simple moving average of $7.25. The company has a current ratio of 0.80, a quick ratio of 0.72 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $10.44 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 1.50 and a beta of 1.16.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The transportation company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.61) by ($0.17). Deutsche Lufthansa had a return on equity of 12.11% and a net margin of 3.31%. The business had revenue of $9.25 billion for the quarter, compared to the consensus estimate of $7.93 billion. As a group, sell-side analysts forecast that Deutsche Lufthansa AG will post 0.87 earnings per share for the current fiscal year.

Deutsche Lufthansa Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 9th were given a dividend of $0.2226 per share. This is a positive change from Deutsche Lufthansa's previous dividend of $0.22. The ex-dividend date was Thursday, May 8th. This represents a dividend yield of 3.09%. Deutsche Lufthansa's dividend payout ratio (DPR) is presently 19.30%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC increased its position in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,809 shares of the transportation company's stock after purchasing an additional 6,749 shares during the period. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 at the end of the most recent reporting period.

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.