Deutsche Lufthansa (OTCMKTS:DLAKY) Sees Strong Trading Volume – Time to Buy?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) saw strong trading volume on Monday . 712,439 shares traded hands during mid-day trading, an increase of 191% from the previous session’s volume of 245,211 shares.The stock last traded at $9.10 and had previously closed at $8.86.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DLAKY. Zacks Research lowered shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 14th. The Goldman Sachs Group lowered shares of Deutsche Lufthansa from a “neutral” rating to a “sell” rating in a report on Friday, March 20th. Finally, Barclays cut Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold”.

Deutsche Lufthansa Stock Performance

The company has a quick ratio of 0.73, a current ratio of 0.81 and a debt-to-equity ratio of 1.03. The firm has a market cap of $11.01 billion, a P/E ratio of 6.12, a P/E/G ratio of 1.02 and a beta of 0.92. The business has a fifty day simple moving average of $9.02 and a 200-day simple moving average of $9.56.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its earnings results on Wednesday, May 6th. The transportation company reported ($0.64) EPS for the quarter, missing analysts’ consensus estimates of ($0.29) by ($0.35). The business had revenue of $10.28 billion for the quarter, compared to the consensus estimate of $10.29 billion. Deutsche Lufthansa had a net margin of 3.83% and a return on equity of 13.91%. On average, sell-side analysts predict that Deutsche Lufthansa AG will post 1.15 EPS for the current fiscal year.

Hedge Funds Weigh In On Deutsche Lufthansa

A hedge fund recently bought a new stake in Deutsche Lufthansa stock. Sterling Capital Management LLC bought a new stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 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.