Continental Aktiengesellschaft (OTCMKTS:CTTAF) Stock Jumps 2.5% – Still a Buy?

Continental Aktiengesellschaft (OTCMKTS:CTTAF) shares traded up 2.5% on Wednesday. The stock traded as high as $77.8550 and last traded at $77.8550. Approximately 1 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 1,370 shares. The stock had previously closed at $75.9360.

Continental Aktiengesellschaft Stock Performance

The business has a 50-day moving average of $80.00 and a two-hundred day moving average of $80.23.

Continental Aktiengesellschaft Company Profile

Continental Aktiengesellschaft is a Germany-based technology and automotive supplier headquartered in Hanover. Founded in 1871 as a manufacturer of rubber products, the company developed into a global provider of mobility technologies, tires and industrial products.

Its automotive activities include electronic systems and components, vehicle software, safety technologies, driver assistance systems, sensors, instrument clusters and other solutions used by vehicle manufacturers. Through its Tires business, Continental develops and produces tires for passenger cars, commercial vehicles, motorcycles and specialty applications, along with related services and tire-management solutions.

The company’s ContiTech business supplies rubber, plastic and other material-based products for industries including automotive, transportation, manufacturing, mining and energy.