Continental (OTCMKTS:CTTAY) Shares Gap Down - What's Next?

Key Points

• Continental AG's stock price dropped significantly, opening at $7.01 down from a previous close of $8.87, and last traded at $6.73.
• Analysts have mixed ratings on the stock, with one Strong Buy, two Buy, and three Hold ratings, leading to an average rating of "Moderate Buy."
• Continental reported an earnings per share (EPS) of $0.28 for the last quarter, exceeding expectations of $0.26, while revenue was slightly below forecast at $11.09 billion.

Continental AG (OTCMKTS:CTTAY - Get Free Report)'s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $8.87, but opened at $7.01. Continental shares last traded at $6.73, with a volume of 4,039 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CTTAY. Oddo Bhf upgraded shares of Continental to a "neutral" rating in a research note on Monday, September 1st. Barclays reiterated an "overweight" rating on shares of Continental in a research note on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Continental currently has an average rating of "Moderate Buy".

Continental Price Performance

The company's fifty day moving average price is $8.72 and its 200 day moving average price is $8.27. The company has a market capitalization of $13.60 billion, a P/E ratio of 7.82, a PEG ratio of 0.73 and a beta of 1.37. The company has a quick ratio of 1.03, a current ratio of 1.18 and a debt-to-equity ratio of 1.14.

Continental (OTCMKTS:CTTAY - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. Continental had a net margin of 4.54% and a return on equity of 13.20%. The company had revenue of $11.09 billion for the quarter, compared to analysts' expectations of $11.10 billion. As a group, sell-side analysts forecast that Continental AG will post 0.66 EPS for the current year.

Continental 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.

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