Shares of Continental AG (OTCMKTS:CTTAY – Get Free Report) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $8.19 and traded as low as $7.8690. Continental shares last traded at $7.87, with a volume of 56,624 shares.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on CTTAY. Kepler Capital Markets downgraded shares of Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Finally, Citigroup reaffirmed a “buy” rating on shares of Continental in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold”.
View Our Latest Stock Report on Continental
Continental Price Performance
Continental (OTCMKTS:CTTAY – Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The business had revenue of $5.09 billion during the quarter, compared to analyst estimates of $5.03 billion. Continental had a negative net margin of 1.36% and a negative return on equity of 10.93%. Sell-side analysts forecast that Continental AG will post 0.67 earnings per share for the current fiscal year.
Continental Company Profile
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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