Continental Aktiengesellschaft (OTCMKTS:CTTAY) Reaches New 52-Week High – Should You Buy?

Continental Aktiengesellschaft (OTCMKTS:CTTAYGet Free Report)’s stock price reached a new 52-week high on Friday . The stock traded as high as $7.99 and last traded at $7.91, with a volume of 40472 shares traded. The stock had previously closed at $7.84.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Hsbc Global Res raised shares of Continental Aktiengesellschaft to a “hold” rating in a report on Wednesday, April 2nd. Citigroup restated a “buy” rating on shares of Continental Aktiengesellschaft in a research note on Wednesday, April 2nd.

Check Out Our Latest Research Report on Continental Aktiengesellschaft

Continental Aktiengesellschaft Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 1.25. The company has a market cap of $15.81 billion, a price-to-earnings ratio of 14.64, a P/E/G ratio of 0.35 and a beta of 1.39. The company’s fifty day moving average is $7.29 and its two-hundred day moving average is $6.89.

Continental Aktiengesellschaft Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 30th will be paid a $0.1978 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a dividend yield of 2.61%. This is a positive change from Continental Aktiengesellschaft’s previous dividend of $0.16. Continental Aktiengesellschaft’s dividend payout ratio is presently 30.16%.

Continental Aktiengesellschaft Company Profile

(Get Free Report)

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.

Further Reading

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