Continental (OTCMKTS:CTTAY) Shares Gap Down – Should You Sell?

Continental AG (OTCMKTS:CTTAY)’s share price 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 traded.

Wall Street Analyst Weigh In

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

Continental Trading Down 3.1%

The company has a quick ratio of 1.06, a current ratio of 1.38 and a debt-to-equity ratio of 0.94. The firm has a market cap of $15.36 billion, a price-to-earnings ratio of -25.60, a price-to-earnings-growth ratio of 1.08 and a beta of 1.35. The business’s fifty day moving average is $7.96 and its two-hundred day moving average is $7.98.

Continental (OTCMKTS:CTTAY) last issued its earnings results 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 the consensus estimate of $5.03 billion. Continental had a negative net margin of 1.36% and a negative return on equity of 10.86%. Equities analysts anticipate that Continental AG will post 0.67 earnings per share 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.