Continental (OTCMKTS:CTTAY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Continental AG shares experienced a significant surge in trading volume, with 760,997 shares traded, a 421% increase from the previous session.
• Analysts have mixed ratings for Continental, with one Strong Buy, two Buy, and three Hold ratings; the consensus rating is currently a "Moderate Buy".
• The company reported $0.28 EPS for the last quarter, slightly exceeding forecasts, with revenue totals of $11.09 billion, just shy of analyst expectations.

Continental AG (OTCMKTS:CTTAY - Get Free Report) shares saw strong trading volume on Wednesday . 760,997 shares were traded during mid-day trading, an increase of 421% from the previous session's volume of 146,005 shares.The stock last traded at $6.74 and had previously closed at $6.79.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Barclays reissued an "overweight" rating on shares of Continental in a research note on Monday, September 8th. Oddo Bhf raised Continental to a "neutral" rating in a research report on Monday, September 1st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, Continental presently has a consensus rating of "Moderate Buy".

Continental Price Performance

The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.03 and a current ratio of 1.18. The company has a market cap of $13.48 billion, a P/E ratio of 7.75, a P/E/G ratio of 0.80 and a beta of 1.37. The firm has a 50 day moving average price of $8.68 and a two-hundred day moving average price of $8.26.

Continental (OTCMKTS:CTTAY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $11.09 billion for the quarter, compared to analysts' expectations of $11.10 billion. Continental had a return on equity of 13.20% and a net margin of 4.54%. On average, analysts predict that Continental AG will post 0.66 EPS for the current fiscal year.

About Continental

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.