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

Deutsche Lufthansa AG (OTCMKTS:DLAKY) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty 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 changing hands.

Analyst Ratings Changes

A number of equities analysts have commented on DLAKY shares. Barclays cut Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, March 12th. Citigroup raised shares of Deutsche Lufthansa from a “strong sell” rating to a “strong-buy” rating in a research note on Wednesday, January 8th. Finally, Sanford C. Bernstein raised shares of Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Deutsche Lufthansa Trading Down 5.7 %

The stock’s 50 day moving average is $7.29 and its 200-day moving average is $6.90. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.82 and a quick ratio of 0.77. The company has a market capitalization of $7.82 billion, a P/E ratio of 7.86, a P/E/G ratio of 1.07 and a beta of 1.16.

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.