Continental Aktiengesellschaft (OTCMKTS:CTTAY) Hits New 52-Week High - Still a Buy?

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $8.81 and last traded at $8.62, with a volume of 24911 shares traded. The stock had previously closed at $8.43.

Analyst Ratings Changes

CTTAY has been the topic of several research analyst reports. Citigroup restated a "buy" rating on shares of Continental Aktiengesellschaft in a research report on Wednesday, April 2nd. Jefferies Financial Group lowered shares of Continental Aktiengesellschaft from a "buy" rating to a "hold" rating in a research report on Thursday. Finally, Hsbc Global Res upgraded shares of Continental Aktiengesellschaft to a "hold" rating in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold".

Continental Aktiengesellschaft Stock Performance

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's 50-day moving average price is $7.61 and its two-hundred day moving average price is $7.13. The firm has a market capitalization of $17.24 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 0.35 and a beta of 1.39.

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. Continental Aktiengesellschaft had a net margin of 2.51% and a return on equity of 7.09%. The business had revenue of $11.02 billion for the quarter, compared to analyst estimates of $10.78 billion. Sell-side analysts predict that Continental Aktiengesellschaft will post 0.66 earnings per share for the current year.

Continental Aktiengesellschaft Increases Dividend

The company also recently declared a dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th were issued a dividend of $0.1978 per share. This is an increase from Continental Aktiengesellschaft's previous dividend of $0.16. This represents a yield of 2.61%. The ex-dividend date was Tuesday, April 29th. Continental Aktiengesellschaft's dividend payout ratio (DPR) is currently 27.14%.

About Continental Aktiengesellschaft

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.

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