Deutsche Lufthansa (ETR:LHA) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Deutsche Lufthansa AG (ETR:LHA)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of €7.79 and traded as high as €8.83. Deutsche Lufthansa shares last traded at €8.78, with a volume of 3,901,068 shares changing hands.

Deutsche Lufthansa Price Performance

The company has a market cap of $10.80 billion, a price-to-earnings ratio of 11.95, a PEG ratio of 0.07 and a beta of 1.54. The company’s 50 day moving average price is €8.23 and its 200 day moving average price is €7.79. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of 137.28.

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. 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.