Deutsche Lufthansa (ETR:LHA) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

Deutsche Lufthansa AG (ETR:LHA)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €7.89 and traded as high as €8.73. Deutsche Lufthansa shares last traded at €8.68, with a volume of 2,744,450 shares traded.

Deutsche Lufthansa Stock Up 0.7%

The firm has a market cap of $10.80 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 0.07 and a beta of 1.54. The company has a debt-to-equity ratio of 137.28, a quick ratio of 0.78 and a current ratio of 0.82. The business’s 50-day moving average is €8.47 and its 200-day moving average is €7.90.

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. Its Logistics segment offers airfreight container management, urgent shipments, and customs clearance services; and e-commerce solutions. The MRO segment provides maintenance, repair, and overhaul services for civil commercial aircraft serving original equipment manufacturers, aircraft leasing companies, operators of VIP jets, government, armed forces, and airlines.