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

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $7.28 and traded as low as $6.92. Deutsche Lufthansa shares last traded at $6.92, with a volume of 55,447 shares.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Sanford C. Bernstein raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 12th. Citigroup raised Deutsche Lufthansa from a “strong sell” rating to a “strong-buy” rating in a research report on Wednesday, January 8th. Finally, Barclays lowered Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Deutsche Lufthansa presently has a consensus rating of “Moderate Buy”.

Deutsche Lufthansa Stock Down 3.9 %

The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.77 and a current ratio of 0.82. The stock has a market cap of $8.29 billion, a price-to-earnings ratio of 8.34, a price-to-earnings-growth ratio of 1.07 and a beta of 1.16. The business’s 50 day moving average is $7.28 and its 200 day moving average is $6.90.

About Deutsche Lufthansa

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.