Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Unusually-High Trading Volume - Should You Buy?

Key Points

• Trading volume surged 216% to approximately 612,907 shares, while Deutsche Lufthansa’s stock rose 2.6% to $8.91 from its previous close of $8.67.
• Analyst sentiment is broadly negative: Morgan Stanley downgraded the stock to “underweight,” while Zacks Research and Citigroup moved to “strong sell.” MarketBeat’s consensus rating is “Reduce,” with five analysts issuing sell ratings.
• Deutsche Lufthansa missed quarterly earnings expectations, reporting $0.13 EPS versus the $0.34 consensus, although revenue of $12.84 billion exceeded estimates of $12.76 billion.

Deutsche Lufthansa AG (OTCMKTS:DLAKY - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 612,907 shares traded hands during mid-day trading, an increase of 216% from the previous session's volume of 193,851 shares.The stock last traded at $8.91 and had previously closed at $8.67.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DLAKY. Morgan Stanley cut Deutsche Lufthansa from an "equal weight" rating to an "underweight" rating in a research note on Tuesday, May 26th. Zacks Research cut Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 1st. Finally, Citigroup cut Deutsche Lufthansa from a "hold" rating to a "strong sell" rating in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and five have issued a Sell rating to the company's stock. According to data from MarketBeat, Deutsche Lufthansa has a consensus rating of "Reduce".

Deutsche Lufthansa Stock Up 2.6%

The business's fifty day moving average price is $9.60 and its two-hundred day moving average price is $9.55. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The firm has a market cap of $10.69 billion, a P/E ratio of 13.28, a P/E/G ratio of 0.53 and a beta of 0.97.

Deutsche Lufthansa (OTCMKTS:DLAKY - Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.34 by ($0.21). The business had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.76 billion. Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. As a group, equities research analysts anticipate that Deutsche Lufthansa AG will post 0.99 EPS for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

A number of large investors have recently modified their holdings of DLAKY. Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa in the first quarter valued at about $204,000. GAMMA Investing LLC raised its position in shares of Deutsche Lufthansa by 52.1% in the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company's stock worth $159,000 after acquiring an additional 4,779 shares in the last quarter. Finally, Fulton Bank N.A. acquired a new stake in Deutsche Lufthansa in the second quarter valued at approximately $120,000.

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG, commonly known as the Lufthansa Group, is a German aviation company headquartered in Cologne. Its principal business is the operation of passenger airlines serving domestic, European and intercontinental markets. The group's airline brands include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings, Discover Airlines and other affiliated carriers.

In addition to passenger transportation, the Lufthansa Group operates businesses across the aviation services sector.

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