Continental (OTCMKTS:CTTAY) Shares Gap Up – Should You Buy?

Continental AG (OTCMKTS:CTTAY) gapped up before the market opened on Friday . The stock had previously closed at $7.94, but opened at $8.4201. Continental shares last traded at $8.46, with a volume of 1,437 shares.

Wall Street Analyst Weigh In

Separately, Zacks Research raised shares of Continental from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Continental Trading Up 1.1%

The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The firm has a market cap of $16.78 billion, a price-to-earnings ratio of -52.44, a price-to-earnings-growth ratio of 0.63 and a beta of 1.38. The business’s fifty day moving average is $7.82 and its two-hundred day moving average is $7.84.

Continental (OTCMKTS:CTTAY) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.06). The company had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. Continental had a net margin of 0.19% and a negative return on equity of 4.89%. Equities analysts anticipate that Continental AG will post 0.81 earnings per share for the current fiscal year.

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.