Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 12-Month Low – Should You Sell?

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY – Get Free Report) hit a new 52-week low on Wednesday. The stock traded as low as $7.87 and last traded at $7.94, with a volume of 15,831 shares traded. The stock had previously closed at $8.14.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DLAKY. Zacks Research cut shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 1st. Citigroup downgraded shares of Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 8th. One 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. Based on data from MarketBeat.com, Deutsche Lufthansa has an average rating of “Reduce”.

Check Out Our Latest Research Report on Deutsche Lufthansa

Deutsche Lufthansa Stock Down 3.0%

The company has a market capitalization of $9.49 billion, a PE ratio of 11.78, a PEG ratio of 0.54 and a beta of 0.97. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 1.02. The business has a fifty day moving average of $8.97 and a 200 day moving average of $9.47.

Deutsche Lufthansa (OTCMKTS:DLAKY – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.21). Deutsche Lufthansa had a return on equity of 5.74% and a net margin of 1.63%. The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.76 billion. Equities research analysts anticipate that Deutsche Lufthansa AG will post 0.97 EPS for the current year.

Hedge Funds Weigh In On Deutsche Lufthansa

Several institutional investors have recently modified their holdings of the business. Fulton Bank N.A. purchased a new stake in shares of Deutsche Lufthansa during the second quarter worth $120,000. GAMMA Investing LLC grew its stake in Deutsche Lufthansa by 52.1% during the 2nd quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock worth $159,000 after purchasing an additional 4,779 shares in the last quarter. Finally, Sterling Capital Management LLC acquired a new position in Deutsche Lufthansa during the 1st quarter worth $204,000.

About Deutsche Lufthansa

(Get Free Report)

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.

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