Deutsche Lufthansa (ETR:LHA) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Deutsche Lufthansa AG (ETR:LHAGet Free Report)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €6.10 ($6.35) and traded as high as €6.48 ($6.75). Deutsche Lufthansa shares last traded at €6.25 ($6.51), with a volume of 9,235,391 shares.

Deutsche Lufthansa Stock Performance

The stock has a market cap of $7.45 billion, a P/E ratio of 6.14, a PEG ratio of 0.07 and a beta of 1.54. The company has a current ratio of 0.75, a quick ratio of 0.78 and a debt-to-equity ratio of 140.77. The company’s 50-day simple moving average is €6.43 and its 200 day simple moving average is €6.10.

Deutsche Lufthansa Company Profile

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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.

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