Continental (OTCMKTS:CTTAY) Shares Gap Up – Should You Buy?

Continental AG (OTCMKTS:CTTAY – Get Free Report)’s share price gapped up prior to trading on Friday . The stock had previously closed at $7.94, but opened at $8.4201. Continental shares last traded at $8.46, with a volume of 1,437 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Continental presently has an average rating of “Hold”.

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Continental Trading Up 1.1%

The stock has a market capitalization of $16.78 billion, a P/E ratio of -52.44, a PEG ratio of 0.63 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82. The business’s 50 day simple moving average is $7.82 and its 200-day simple moving average is $7.84.

Continental (OTCMKTS:CTTAY – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). Continental had a net margin of 0.19% and a negative return on equity of 4.89%. The business had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.07 billion. As a group, analysts forecast that Continental AG will post 0.81 EPS for the current year.

Continental Company Profile

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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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