Deutsche Lufthansa (OTCMKTS:DLAKY) Shares Gap Up – Should You Buy?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) gapped up before the market opened on Monday. The stock had previously closed at $9.12, but opened at $9.74. Deutsche Lufthansa shares last traded at $9.71, with a volume of 28,311 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded shares of Deutsche Lufthansa from a “strong sell” rating to a “hold” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, Deutsche Lufthansa has a consensus rating of “Reduce”.

Deutsche Lufthansa Price Performance

The firm has a 50-day moving average of $8.58 and a 200-day moving average of $9.49. The stock has a market cap of $11.66 billion, a PE ratio of 8.15, a PEG ratio of 0.54 and a beta of 1.17. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.86 and a quick ratio of 0.78.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Deutsche Lufthansa stock. GAMMA Investing LLC raised its stake in shares of Deutsche Lufthansa AG (OTCMKTS:DLAKY) by 52.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,943 shares of the transportation company’s stock after buying an additional 4,779 shares during the quarter. GAMMA Investing LLC’s holdings in Deutsche Lufthansa were worth $159,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Deutsche Lufthansa Company Profile

Deutsche Lufthansa AG is a German aviation group whose businesses include passenger airlines, air cargo and aircraft maintenance. Its airline portfolio includes Lufthansa, SWISS, Austrian Airlines, Brussels Airlines and Eurowings, serving destinations in Europe and around the world.

The group also provides aviation services through businesses such as Lufthansa Cargo, which transports freight, and Lufthansa Technik, which maintains, repairs and overhauls aircraft and related equipment. Lufthansa’s main passenger hubs are Frankfurt and Munich.

The company traces its history to the original Deutsche Luft Hansa, founded in 1926.