Continental (OTCMKTS:CTTAY) Issues Earnings Results

Continental (OTCMKTS:CTTAY) released its quarterly earnings data on Wednesday. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03, Zacks reports. Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%.

Continental Stock Performance

Shares of CTTAY traded up $0.52 on Wednesday, reaching $7.98. The company’s stock had a trading volume of 19,900 shares, compared to its average volume of 62,292. The stock’s 50 day simple moving average is $7.87 and its two-hundred day simple moving average is $7.93. 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 stock has a market capitalization of $15.96 billion, a P/E ratio of -26.60, a PEG ratio of 1.04 and a beta of 1.36. Continental has a 12-month low of $6.61 and a 12-month high of $8.97.

Analyst Ratings Changes

A number of research firms have recently weighed in on CTTAY. Sanford C. Bernstein upgraded shares of Continental from a “market perform” rating to an “outperform” rating in a report on Thursday, October 8th. Oddo Bhf upgraded shares of Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.