Continental (OTCMKTS:CTTAY) Sees Unusually-High Trading Volume – Should You Buy?

Continental AG (OTCMKTS:CTTAY) shares saw unusually-strong trading volume on Monday . 163,604 shares changed hands during mid-day trading, an increase of 99% from the previous session’s volume of 82,084 shares.The stock last traded at $6.78 and had previously closed at $6.84.

Analysts Set New Price Targets

CTTAY has been the topic of a number of research reports. Berenberg Bank downgraded Continental from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Zacks Research upgraded shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research note on Tuesday, February 3rd. Sanford C. Bernstein raised shares of Continental from an “underperform” rating to a “market perform” rating in a research report on Monday, January 5th. Finally, Barclays cut Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold”.

Continental Stock Performance

The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.25. The stock’s 50-day moving average price is $7.92 and its 200 day moving average price is $7.69. The company has a market cap of $13.48 billion, a P/E ratio of 42.13 and a beta of 1.27.

About Continental

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.