Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 1-Year High – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $11.36 and last traded at $11.36, with a volume of 88418 shares changing hands. The stock had previously closed at $11.18.

Wall Street Analyst Weigh In

Several research firms have recently commented on DLAKY. Morgan Stanley cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a report on Tuesday, May 26th. Barclays cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. Zacks Research raised Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Finally, The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a research report on Friday, March 20th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Performance

The stock’s 50-day moving average price is $9.59 and its 200-day moving average price is $9.74. The company has a market capitalization of $13.64 billion, a price-to-earnings ratio of 7.57, a P/E/G ratio of 1.28 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.73 and a current ratio of 0.81.

Deutsche Lufthansa (OTCMKTS:DLAKY) last released its quarterly earnings results on Wednesday, May 6th. The transportation company reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). Deutsche Lufthansa had a return on equity of 13.46% and a net margin of 3.83%.The firm had revenue of $10.28 billion during the quarter, compared to analyst estimates of $10.29 billion. As a group, equities research analysts expect that Deutsche Lufthansa AG will post 1.15 earnings per share for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC purchased a new position in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 24,628 shares of the transportation company’s stock, valued at approximately $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.