Continental (OTCMKTS:CTTAY) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Continental AG (OTCMKTS:CTTAY) shares crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $8.13 and traded as low as $8.03. Continental shares last traded at $8.03, with a volume of 27,060 shares traded.

Analysts Set New Price Targets

CTTAY has been the topic of a number of analyst reports. Citigroup restated a “buy” rating on shares of Continental in a research note on Friday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Finally, Kepler Capital Markets downgraded Continental from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 6th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold”.

Continental Stock Up 0.7%

The business has a 50-day moving average of $8.13 and a 200 day moving average of $7.95. The company has a market capitalization of $16.06 billion, a PE ratio of -26.77, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.25 and a quick ratio of 0.82.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). Continental had a negative net margin of 1.36% and a negative return on equity of 10.93%. The firm had revenue of $5.09 billion for the quarter, compared to analysts’ expectations of $5.03 billion. Equities research analysts predict that Continental AG will post 0.67 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.