Deutsche Lufthansa (OTCMKTS:DLAKY) Reaches New 12-Month Low – Here’s Why

Deutsche Lufthansa AG (OTCMKTS:DLAKY) shares reached a new 52-week low during mid-day trading on Friday. The stock traded as low as $7.83 and last traded at $7.85, with a volume of 26,037 shares. The stock had previously closed at $8.01.

Analyst Ratings Changes

A number of research analysts recently issued reports on DLAKY shares. Zacks Research downgraded Deutsche Lufthansa from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 1st. Citigroup lowered 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 assigned a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Deutsche Lufthansa Stock Down 1.7%

The firm has a market capitalization of $9.46 billion, a PE ratio of 11.75, a price-to-earnings-growth ratio of 0.57 and a beta of 0.97. The business’s 50-day moving average price is $8.74 and its 200-day moving average price is $9.44. The company has a quick ratio of 0.78, a current ratio of 0.86 and a debt-to-equity ratio of 1.02.

Deutsche Lufthansa (OTCMKTS:DLAKY) last posted its earnings results on Tuesday, August 4th. The transportation company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.21). The business had revenue of $12.84 billion during the quarter, compared to the consensus estimate of $12.76 billion. Deutsche Lufthansa had a net margin of 1.63% and a return on equity of 5.74%. As a group, equities research analysts predict that Deutsche Lufthansa AG will post 0.93 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of DLAKY. GAMMA Investing LLC grew its stake in shares of Deutsche Lufthansa by 52.1% in the second quarter. GAMMA Investing LLC now owns 13,943 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 4,779 shares in the last quarter. Fulton Bank N.A. bought a new stake in Deutsche Lufthansa during the 2nd quarter worth approximately $120,000. Finally, Sterling Capital Management LLC purchased a new stake in shares of Deutsche Lufthansa during the 1st quarter valued at $204,000.

About Deutsche Lufthansa

Deutsche Lufthansa AG is a Germany-based aviation group and the parent company of the Lufthansa Group. Its principal business is the transportation of passengers and cargo through a portfolio of airlines serving domestic, European and international markets. The group’s major passenger carriers include Lufthansa, SWISS, Austrian Airlines, Brussels Airlines, Eurowings and Discover Airlines.

In addition to scheduled passenger flights, the Lufthansa Group provides air cargo services through Lufthansa Cargo and aircraft maintenance, repair and overhaul services through Lufthansa Technik.