Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 52-Week Low – Here’s What Happened

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $7.87 and last traded at $7.94, with a volume of 15,831 shares changing hands. The stock had previously closed at $8.14.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on DLAKY shares. Zacks Research lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Citigroup cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Deutsche Lufthansa Stock Down 3.0%

The firm’s 50 day simple moving average is $8.97 and its 200-day simple moving average is $9.47. The company has a market cap of $9.49 billion, a price-to-earnings ratio of 11.78, a P/E/G ratio of 0.54 and a beta of 0.97. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.78.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its 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). Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. The firm had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. As a group, sell-side analysts anticipate that Deutsche Lufthansa AG will post 0.97 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DLAKY. Sterling Capital Management LLC acquired a new position in shares of Deutsche Lufthansa in the 1st quarter valued at $204,000. GAMMA Investing LLC raised its position in Deutsche Lufthansa by 52.1% in the 2nd 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 last quarter. Finally, Fulton Bank N.A. acquired a new stake in Deutsche Lufthansa during the 2nd quarter worth $120,000.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a German aviation and transportation company that operates through the Lufthansa Group. Its principal business is the operation of passenger airlines serving domestic, European and international markets, with major hubs in Frankfurt and Munich and additional hubs across Europe.

The group’s airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines. It also provides air cargo services through Lufthansa Cargo, aircraft maintenance, repair and overhaul services through Lufthansa Technik, and travel-related loyalty and service offerings through businesses including Miles & More.

Deutsche Lufthansa was established in 1953, with flight operations beginning in 1955, following the postwar re-establishment of Germany’s national airline.