Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down - Time to Sell?

Key Points

• Deutsche Lufthansa AG's stock price opened lower at $8.40 after closing at $8.59, with a total trading volume of 7,902 shares.
• The company has received mixed analyst ratings, with one Strong Buy, four Hold, and one Sell, leading to an average rating of "Hold".
• Deutsche Lufthansa reported $0.95 EPS for the last quarter, exceeding the estimated $0.50, and has a current market capitalization of $10.03 billion.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $8.59, but opened at $8.40. Deutsche Lufthansa shares last traded at $8.40, with a volume of 7,902 shares changing hands.

Wall Street Analysts Forecast Growth

DLAKY has been the topic of a number of analyst reports. Barclays upgraded shares of Deutsche Lufthansa from an "underweight" rating to an "equal weight" rating in a research report on Monday, August 4th. Morgan Stanley began coverage on shares of Deutsche Lufthansa in a research note on Wednesday. They set an "underweight" rating on the stock. Sanford C. Bernstein cut shares of Deutsche Lufthansa from an "outperform" rating to a "market perform" rating in a report on Wednesday, July 2nd. Finally, DZ Bank raised shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a report on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold".

Deutsche Lufthansa Price Performance

The firm has a market capitalization of $10.03 billion, a price-to-earnings ratio of 5.01, a P/E/G ratio of 1.02 and a beta of 1.10. The stock's 50 day moving average price is $8.97 and its two-hundred day moving average price is $8.21. The company has a quick ratio of 0.72, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last posted its earnings results on Thursday, July 31st. The transportation company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.45. The company had revenue of $11.85 billion for the quarter, compared to analyst estimates of $11.81 billion. Deutsche Lufthansa had a return on equity of 17.23% and a net margin of 4.76%. Analysts anticipate that Deutsche Lufthansa AG will post 0.87 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC boosted its position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 892.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,270 shares of the transportation company's stock after purchasing an additional 8,336 shares during the period. GAMMA Investing LLC's holdings in Deutsche Lufthansa were worth $78,000 at the end of the most recent quarter.

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.