Continental (OTCMKTS:CTTAY) Stock Price Crosses Below 50-Day Moving Average – Time to Sell?

Continental AG (OTCMKTS:CTTAY)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty 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 changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on CTTAY shares. Kepler Capital Markets lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Continental in a research note on Thursday, July 2nd. Finally, Citigroup reissued a “buy” rating on shares of Continental in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold”.

Continental Stock Up 0.7%

The business’s fifty day moving average price is $8.13 and its two-hundred day moving average price is $7.95. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.82 and a current ratio of 1.25. The firm has a market capitalization of $16.06 billion, a P/E ratio of -26.77, a PEG ratio of 1.09 and a beta of 1.39.

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