Continental (OTCMKTS:CTTAY) Shares Gap Down – What’s Next?

Continental AG (OTCMKTS:CTTAY – Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $7.9950, but opened at $7.64. Continental shares last traded at $7.64, with a volume of 193 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Zacks Research upgraded shares of Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Citigroup reiterated a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, Continental presently has a consensus rating of “Hold”.

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Continental Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.28 and a debt-to-equity ratio of 1.14. The stock has a market cap of $15.60 billion, a P/E ratio of -48.75, a price-to-earnings-growth ratio of 0.58 and a beta of 1.36. The business’s 50-day simple moving average is $7.46 and its two-hundred day simple moving average is $7.77.

Continental (OTCMKTS:CTTAY – Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Continental had a negative return on equity of 4.93% and a net margin of 0.19%.The business had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $5.07 billion. Sell-side analysts expect that Continental AG will post 0.82 EPS for the current year.

About Continental

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Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.

Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.

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