Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Price Crosses Below 50-Day Moving Average - Here's Why

Key Points

• Deutsche Lufthansa shares fell below their 50-day moving average, trading as low as $9.25 versus the $10.30 average, and last changing hands near $9.30.
• Analyst sentiment is broadly negative: Citigroup downgraded the stock to “strong sell,” while Barclays and Morgan Stanley moved to “underweight.” MarketBeat lists a consensus rating of “Reduce.”
• The company’s latest quarterly results missed earnings expectations, reporting $0.13 per share versus the $0.34 consensus, although revenue of $12.84 billion slightly exceeded estimates.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $10.30 and traded as low as $9.25. Deutsche Lufthansa shares last traded at $9.30, with a volume of 109,307 shares trading hands.

Analyst Ratings Changes

Several research firms recently issued reports on DLAKY. Citigroup cut shares of Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research report on Wednesday, July 8th. Zacks Research raised shares of Deutsche Lufthansa from a "strong sell" rating to a "hold" rating in a research report on Monday, June 15th. Barclays downgraded shares of Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a research note on Friday, May 8th. Finally, Morgan Stanley lowered shares of Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a report on Tuesday, May 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, Deutsche Lufthansa presently has a consensus rating of "Reduce".

Deutsche Lufthansa Stock Performance

The stock's 50-day moving average is $10.30 and its 200-day moving average is $9.82. The company has a current ratio of 0.81, a quick ratio of 0.73 and a debt-to-equity ratio of 0.94. The stock has a market cap of $11.18 billion, a price-to-earnings ratio of 13.88, a P/E/G ratio of 0.58 and a beta of 0.96.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.21). Deutsche Lufthansa had a return on equity of 5.79% and a net margin of 1.63%.The company had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. On average, analysts expect that Deutsche Lufthansa AG will post 1 EPS for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

Several hedge funds and other institutional investors have recently bought and sold shares of DLAKY. Fulton Bank N.A. acquired a new stake in Deutsche Lufthansa in the second quarter valued at approximately $120,000. GAMMA Investing LLC boosted its stake in shares of Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company's stock valued at $159,000 after purchasing an additional 4,779 shares during the period. Finally, Sterling Capital Management LLC acquired a new stake in Deutsche Lufthansa during the 1st quarter valued at $204,000.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a leading global aviation company headquartered in Cologne, Germany, and is recognized as one of the world's largest airline groups. Founded in its modern form in 1953, the company traces its heritage back to the original Deutsche Luft Hansa established in 1926. Lufthansa operates passenger and cargo services under its flagship brand, as well as through numerous subsidiaries including Swiss International Air Lines, Austrian Airlines, Brussels Airlines and the low-cost carrier Eurowings.

The group's passenger network spans Europe, the Americas, Asia, Africa and the Middle East, with primary hubs at Frankfurt Airport and Munich Airport.

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