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

Continental AG (OTCMKTS:CTTAY)’s share price 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 trading hands.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CTTAY shares. 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 analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold”.

Continental Trading Up 1.3%

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.28 and a quick ratio of 0.87. The firm’s 50 day moving average is $7.46 and its 200 day moving average is $7.77. The company has a market capitalization of $15.60 billion, a PE ratio of -48.75, a P/E/G ratio of 0.58 and a beta of 1.36.

Continental (OTCMKTS:CTTAY) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). Continental had a negative return on equity of 4.93% and a net margin of 0.19%.The firm had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. As a group, equities analysts predict that Continental AG will post 0.82 EPS for the current 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.