Continental (OTCMKTS:CTTAY) Shares Gap Down – What’s Next?

Shares of Continental AG (OTCMKTS:CTTAY) gapped down before the market opened 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 changing hands.

Wall Street Analyst Weigh In

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

Continental Stock Up 0.2%

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market cap of $15.42 billion, a PE ratio of -25.70, a P/E/G ratio of 1.05 and a beta of 1.35. The business has a fifty day moving average price of $7.95 and a two-hundred day moving average price of $7.99.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings data 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). The business had revenue of $5.09 billion during the quarter, compared to analysts’ expectations of $5.03 billion. Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%. On average, analysts anticipate that Continental AG will post 0.67 EPS for the current fiscal year.

Continental Company Profile

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.