Deutsche Lufthansa (ETR:LHA) Stock Passes Below Two Hundred Day Moving Average of $6.81

Deutsche Lufthansa AG (ETR:LHAGet Rating) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €6.81 ($7.17) and traded as low as €5.99 ($6.31). Deutsche Lufthansa shares last traded at €6.43 ($6.77), with a volume of 7,697,057 shares trading hands.

Several brokerages recently commented on LHA. Berenberg Bank set a €6.30 ($6.63) price objective on shares of Deutsche Lufthansa in a research note on Thursday, June 2nd. Barclays set a €5.70 ($6.00) price objective on shares of Deutsche Lufthansa in a research note on Thursday, May 12th. Sanford C. Bernstein set a €6.00 ($6.32) price objective on shares of Deutsche Lufthansa in a research note on Thursday, May 5th. The Goldman Sachs Group set a €8.00 ($8.42) price objective on shares of Deutsche Lufthansa in a research note on Thursday, May 5th. Finally, Deutsche Bank Rese… set a €8.00 ($8.42) target price on shares of Deutsche Lufthansa in a report on Friday, May 27th.

The company has a debt-to-equity ratio of 298.58, a quick ratio of 0.76 and a current ratio of 0.90. The company’s fifty day simple moving average is €6.78 and its two-hundred day simple moving average is €6.80. The stock has a market capitalization of $7.62 billion and a PE ratio of -3.24.

Deutsche Lufthansa Company Profile (ETR:LHA)

Deutsche Lufthansa AG operates as an aviation company in Germany and internationally. The company's Network Airlines segment offers passenger services. Its Eurowings segment provides passenger services through a route network of more than 100 destinations in over 50 countries. The company's Logistics Business segment offers transport services for various cargoes, including general cargo, dangerous goods, valuables, vulnerable, perishables, live animals, courier, emergency, airmail/e-commerce, and temperature sensitive goods services approximately 300 destinations in 100 countries.

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