Continental Aktiengesellschaft (OTCMKTS:CTTAY) Reaches New 52-Week High – What’s Next?

Continental Aktiengesellschaft (OTCMKTS:CTTAY) shares hit a new 52-week high on Friday . The stock traded as high as $7.99 and last traded at $7.91, with a volume of 40472 shares changing hands. The stock had previously closed at $7.84.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Citigroup reissued a “buy” rating on shares of Continental Aktiengesellschaft in a report on Wednesday, April 2nd. Hsbc Global Res upgraded Continental Aktiengesellschaft to a “hold” rating in a report on Wednesday, April 2nd.

Continental Aktiengesellschaft Trading Up 0.8 %

The stock’s 50-day simple moving average is $7.29 and its 200-day simple moving average is $6.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 1.25. The firm has a market capitalization of $15.81 billion, a PE ratio of 14.64, a P/E/G ratio of 0.35 and a beta of 1.44.

Continental Aktiengesellschaft Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th will be paid a $0.1978 dividend. This is an increase from Continental Aktiengesellschaft’s previous dividend of $0.16. This represents a yield of 2.61%. The ex-dividend date of this dividend is Tuesday, April 29th. Continental Aktiengesellschaft’s dividend payout ratio is presently 30.16%.

Continental Aktiengesellschaft Company Profile

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.