Deutsche Lufthansa (ETR:LHA) Shares Pass Above 200 Day Moving Average – Here’s Why

Deutsche Lufthansa AG (ETR:LHA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of €7.83 and traded as high as €8.41. Deutsche Lufthansa shares last traded at €8.35, with a volume of 3,526,482 shares.

Deutsche Lufthansa Trading Up 3.4%

The firm’s 50 day simple moving average is €8.33 and its two-hundred day simple moving average is €7.83. The stock has a market capitalization of $10.73 billion, a P/E ratio of 11.86, a P/E/G ratio of 0.07 and a beta of 1.54. The company has a quick ratio of 0.78, a current ratio of 0.82 and a debt-to-equity ratio of 137.28.

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.