Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up - Time to Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) shares gapped up before the market opened on Tuesday . The stock had previously closed at $7.92, but opened at $8.34. Deutsche Lufthansa shares last traded at $8.34, with a volume of 14,636 shares.

Wall Street Analysts Forecast Growth

Separately, Barclays lowered shares of Deutsche Lufthansa from a "strong-buy" rating to a "strong sell" rating in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Deutsche Lufthansa Trading Up 0.4%

The firm's 50 day simple moving average is $7.66 and its two-hundred day simple moving average is $7.15. The stock has a market capitalization of $9.98 billion, a P/E ratio of 7.31, a P/E/G ratio of 1.51 and a beta of 1.16. The company has a quick ratio of 0.75, a current ratio of 0.80 and a debt-to-equity ratio of 1.15.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last issued its earnings results on Tuesday, April 29th. The transportation company reported ($0.78) EPS for the quarter, missing analysts' consensus estimates of ($0.61) by ($0.17). The firm had revenue of $9.25 billion during the quarter, compared to the consensus estimate of $7.93 billion. Deutsche Lufthansa had a net margin of 3.31% and a return on equity of 12.11%. As a group, 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 announced 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 represents a dividend yield of 3.09%. This is a positive change from Deutsche Lufthansa's previous dividend of $0.22. The ex-dividend date of this dividend was Thursday, May 8th. Deutsche Lufthansa's dividend payout ratio is presently 19.30%.

Institutional Trading of Deutsche Lufthansa

An institutional investor recently raised its position in Deutsche Lufthansa stock. GAMMA Investing LLC grew its holdings in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY - Free Report) by 11,248.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,809 shares of the transportation company's stock after buying an additional 6,749 shares during the quarter. 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.