Continental (OTCMKTS:CTTAY) Sees Large Volume Increase – Time to Buy?

Continental AG (OTCMKTS:CTTAY) saw strong trading volume on Tuesday . 250,621 shares traded hands during mid-day trading, an increase of 258% from the previous session’s volume of 69,998 shares.The stock last traded at $7.8498 and had previously closed at $7.91.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Continental Price Performance

The firm has a market cap of $16.56 billion, a PE ratio of -51.75, a price-to-earnings-growth ratio of 0.64 and a beta of 1.38. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The stock has a 50 day moving average price of $7.80 and a two-hundred day moving average price of $7.83.

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

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.