Deutsche Lufthansa (OTCMKTS:DLAKY) Hits New 52-Week Low – Time to Sell?

Deutsche Lufthansa AG (OTCMKTS:DLAKY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $5.99 and last traded at $6.07, with a volume of 149995 shares changing hands. The stock had previously closed at $6.15.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on DLAKY shares. Citigroup lowered shares of Deutsche Lufthansa from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, October 15th. Stifel Nicolaus raised Deutsche Lufthansa from a “sell” rating to a “hold” rating in a research note on Thursday, October 17th. Barclays raised Deutsche Lufthansa from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 1st. Finally, Morgan Stanley raised Deutsche Lufthansa from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Deutsche Lufthansa currently has an average rating of “Hold”.

Deutsche Lufthansa Trading Down 1.3 %

The stock’s 50-day simple moving average is $6.62 and its 200-day simple moving average is $6.61. The firm has a market capitalization of $7.27 billion, a P/E ratio of 7.31, a P/E/G ratio of 1.32 and a beta of 1.21.

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.