Continental (OTCMKTS:CTTAY) Shares Gap Down – Here’s Why

Continental AG (OTCMKTS:CTTAY)’s stock price gapped down prior to trading on Monday. The stock had previously closed at $7.9290, but opened at $7.39. Continental shares last traded at $7.66, with a volume of 1,235 shares traded.

Analysts Set New Price Targets

A number of brokerages have weighed in on CTTAY. Kepler Capital Markets lowered Continental from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 6th. Oddo Bhf raised Continental from a “neutral” rating to an “outperform” rating in a research report on Thursday, September 3rd. Sanford C. Bernstein upgraded Continental from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Continental in a research report on Thursday, July 2nd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Continental Stock Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.06 and a current ratio of 1.38. The stock has a 50 day moving average of $7.96 and a 200 day moving average of $7.98. The stock has a market capitalization of $15.36 billion, a P/E ratio of -25.60, a P/E/G ratio of 1.08 and a beta of 1.35.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings results on Tuesday, August 4th. The company reported $0.14 earnings per share (EPS) 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 10.86%. The firm had revenue of $5.09 billion for the quarter, compared to analyst estimates of $5.03 billion. Equities analysts predict that Continental AG will post 0.67 EPS for the current year.

About Continental

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.