Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down - Should You Sell?

Key Points

• Deutsche Lufthansa shares gapped down from a previous close of $9.04 to open at $8.41, with the last trade at $8.39.
• The stock has received mixed ratings from analysts, with one stating a Strong Buy rating and five assigning it a Hold rating, resulting in an average rating of Hold.
• In the most recent quarter, Deutsche Lufthansa reported an earnings per share (EPS) of $0.95, outperforming analyst expectations of $0.50, along with a revenue of $11.85 billion.

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $9.04, but opened at $8.41. Deutsche Lufthansa shares last traded at $8.39, with a volume of 31,838 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Barclays raised shares of Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. DZ Bank raised shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Sanford C. Bernstein lowered shares of Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a research report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Deutsche Lufthansa currently has an average rating of "Hold".

Deutsche Lufthansa Price Performance

The stock has a market capitalization of $10.11 billion, a P/E ratio of 5.05, a PEG ratio of 1.37 and a beta of 1.17. 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 fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $8.17.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The transportation company reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.45. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%.The company had revenue of $11.85 billion during the quarter, compared to analysts' expectations of $11.81 billion. Sell-side analysts expect that Deutsche Lufthansa AG will post 0.87 EPS for the current fiscal year.

Institutional Investors Weigh In On Deutsche Lufthansa

A hedge fund recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its holdings in Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 filing with the Securities and Exchange Commission.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.