Deutsche Lufthansa (OTCMKTS:DLAKY) Share Price Passes Below Fifty Day Moving Average of $7.48

Deutsche Lufthansa AG (OTCMKTS:DLAKY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.48 and traded as low as $7.38. Deutsche Lufthansa shares last traded at $7.42, with a volume of 21,900 shares.

Wall Street Analysts Forecast Growth

DLAKY has been the subject of several analyst reports. Barclays restated an “equal weight” rating on shares of Deutsche Lufthansa in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of Deutsche Lufthansa in a report on Wednesday, March 27th.

Deutsche Lufthansa Price Performance

The firm has a market capitalization of $8.88 billion, a price-to-earnings ratio of 6.13, a P/E/G ratio of 1.40 and a beta of 1.24. The company’s 50 day moving average is $7.48 and its 200 day moving average is $7.99. The company has a quick ratio of 0.80, a current ratio of 0.85 and a debt-to-equity ratio of 1.03.

Deutsche Lufthansa (OTCMKTS:DLAKY) last announced its earnings results on Tuesday, April 30th. The transportation company reported ($0.66) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.07. Deutsche Lufthansa had a net margin of 3.94% and a return on equity of 17.33%. The firm had revenue of $8.03 billion for the quarter. On average, equities research analysts anticipate that Deutsche Lufthansa AG will post 1.19 earnings per share for the current fiscal year.

Deutsche Lufthansa Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, May 20th. Shareholders of record on Thursday, May 9th will be issued a $0.2193 dividend. The ex-dividend date of this dividend is Wednesday, May 8th. Deutsche Lufthansa’s dividend payout ratio is presently 17.36%.

Deutsche Lufthansa Company Profile

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.