Continental AG (OTCMKTS:CTTAY - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $9.12 and last traded at $9.12, with a volume of 675 shares changing hands. The stock had previously closed at $8.97.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on CTTAY shares. Hsbc Global Res upgraded shares of Continental to a "hold" rating in a research report on Wednesday, April 2nd. Citigroup reiterated a "buy" rating on shares of Continental in a report on Wednesday, April 2nd. Finally, Jefferies Financial Group downgraded shares of Continental from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd.
Check Out Our Latest Stock Report on Continental
Continental Price Performance
The firm has a market cap of $18.38 billion, a PE ratio of 13.13, a PEG ratio of 0.73 and a beta of 1.37. The firm has a fifty day simple moving average of $8.56 and a two-hundred day simple moving average of $7.59. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.47 and a current ratio of 1.68.
Continental (OTCMKTS:CTTAY - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.04. Continental had a net margin of 3.71% and a return on equity of 9.84%. The company had revenue of $11.02 billion during the quarter, compared to the consensus estimate of $10.78 billion. Equities analysts predict that Continental AG will post 0.66 EPS for the current fiscal year.
Continental Increases Dividend
The company also recently announced a dividend, which was paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 30th were issued a dividend of $0.1978 per share. This represents a yield of 2.61%. The ex-dividend date was Tuesday, April 29th. This is an increase from Continental's previous dividend of $0.16. Continental's dividend payout ratio (DPR) is currently 27.14%.
About Continental
(
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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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