Deutsche Lufthansa (OTCMKTS:DLAKY) Stock Passes Below 50 Day Moving Average – Here’s Why

Posted by Jessica Moore on Nov 2nd, 2024

Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report)’s share price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $6.88 and traded as low as $6.66. Deutsche Lufthansa shares last traded at $6.68, with a volume of 35,594 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on DLAKY shares. Barclays upgraded Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 1st. Citigroup downgraded shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research note on Tuesday, October 15th. Morgan Stanley cut shares of Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus raised shares of Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Read Our Latest Analysis on DLAKY

Deutsche Lufthansa Stock Down 2.8 %

The stock’s 50 day moving average price is $6.88 and its 200-day moving average price is $6.76. The stock has a market capitalization of $8.00 billion, a PE ratio of 8.05, a price-to-earnings-growth ratio of 1.68 and a beta of 1.24.

Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The transportation company reported $1.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.08. The company had revenue of $11.80 billion during the quarter. Deutsche Lufthansa had a net margin of 2.46% and a return on equity of 11.45%. As a group, sell-side analysts predict that Deutsche Lufthansa AG will post 0.88 earnings per share for the current fiscal year.

Deutsche Lufthansa Company Profile

(Get Free Report)

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.