Continental (OTCMKTS:CTTAY) Share Price Passes Below Fifty Day Moving Average – What’s Next?

Continental AG (OTCMKTS:CTTAY) shares passed 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.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Citigroup restated a “buy” rating on shares of Continental in a research report on Friday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Finally, Kepler Capital Markets lowered Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Continental Stock Up 0.7%

The business has a fifty day moving average price of $8.13 and a two-hundred day moving average price of $7.95. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The company has a market cap of $16.06 billion, a price-to-earnings ratio of -26.77, a P/E/G ratio of 1.10 and a beta of 1.39.

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