Continental (OTCMKTS:CTTAY – Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.02), Zacks reports. Continental had a negative return on equity of 4.89% and a net margin of 0.19%.
Continental Stock Performance
Shares of CTTAY opened at $8.30 on Tuesday. The firm has a fifty day moving average of $8.24 and a 200-day moving average of $7.96. The company has a market cap of $16.60 billion, a price-to-earnings ratio of -51.88, a price-to-earnings-growth ratio of 0.68 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. Continental has a 1 year low of $6.21 and a 1 year high of $9.05.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. Kepler Capital Markets downgraded Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Citigroup reissued a “buy” rating on shares of Continental in a report on Friday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.
About Continental
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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