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

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report)'s share price gapped down prior to trading 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 changing hands.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays downgraded Deutsche Lufthansa from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, March 12th. Sanford C. Bernstein downgraded Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold".

Deutsche Lufthansa Trading Up 0.3%

The company has a 50 day simple moving average of $7.90 and a 200 day simple moving average of $7.26. 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 stock has a market capitalization of $10.49 billion, a PE ratio of 7.68, a P/E/G ratio of 1.53 and a beta of 1.16.

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

Deutsche Lufthansa Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 9th were paid a dividend of $0.2226 per share. The ex-dividend date was Thursday, May 8th. This is an increase from Deutsche Lufthansa's previous dividend of $0.22. This represents a yield of 3.09%. Deutsche Lufthansa's dividend payout ratio is currently 19.30%.

Institutional Trading of Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC raised its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,809 shares of the transportation company's stock after acquiring an additional 6,749 shares during the period. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $50,000 as of its most recent SEC filing.

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.