Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Down – Here’s What Happened

Shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped down before the market opened on Monday . The stock had previously closed at $10.78, but opened at $10.0250. Deutsche Lufthansa shares last traded at $10.15, with a volume of 140,700 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DLAKY shares. JPMorgan Chase & Co. upgraded shares of Deutsche Lufthansa from an “underweight” rating to a “neutral” rating in a research note on Monday, December 1st. Zacks Research cut shares of Deutsche Lufthansa from a “strong-buy” rating to a “hold” rating in a report on Wednesday, February 18th. Morgan Stanley raised shares of Deutsche Lufthansa from an “underweight” rating to an “overweight” rating in a research report on Wednesday, January 7th. Kepler Capital Markets raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Friday, December 12th. Finally, Barclays downgraded Deutsche Lufthansa from an “equal weight” rating to an “underweight” rating in a research note on Wednesday, January 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Deutsche Lufthansa Trading Down 4.6%

The stock has a 50 day moving average of $10.35 and a 200-day moving average of $9.47. The company has a market capitalization of $12.33 billion, a P/E ratio of 6.39, a P/E/G ratio of 0.73 and a beta of 0.87. The company has a current ratio of 0.85, a quick ratio of 0.77 and a debt-to-equity ratio of 1.05.

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.