Continental (OTCMKTS:CTTAY) Shares Gap Down – Time to Sell?

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 changing hands.

Analysts Set New Price Targets

CTTAY has been the subject of several research reports. Citigroup reiterated a “buy” rating on shares of Continental in a report on Tuesday, February 3rd. Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Three equities 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, Continental presently has a consensus rating of “Hold”.

Continental Trading Up 0.9%

The stock has a market capitalization of $15.64 billion, a price-to-earnings ratio of -48.88, a price-to-earnings-growth ratio of 0.56 and a beta of 1.36. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 1.14. The company has a fifty day moving average of $7.48 and a two-hundred day moving average of $7.77.

Continental (OTCMKTS:CTTAY) last released its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $5.07 billion. Continental had a net margin of 0.19% and a negative return on equity of 4.93%. On average, research analysts expect 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.