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

Key Points

• Continental (OTCMKTS:CTTAY) gapped up at the open from $7.22 to $7.5220 and last traded at $7.5280 on a volume of 2,276 shares.
• Analyst activity has been mixed—Barclays and Berenberg downgraded the stock while Zacks, Citigroup and Sanford C. Bernstein issued upgrades or restatements—leaving a consensus rating of Hold (three Buy, five Hold).
• Key fundamentals include a market cap of $15.08 billion, a P/E of 47.11, a quick ratio of 0.90, a current ratio of 1.32, and a debt-to-equity ratio of 1.25.

Continental AG (OTCMKTS:CTTAY - Get Free Report) gapped up before the market opened on Thursday . The stock had previously closed at $7.22, but opened at $7.5220. Continental shares last traded at $7.5280, with a volume of 2,276 shares changing hands.

Analyst Upgrades and Downgrades

CTTAY has been the subject of several recent analyst reports. Barclays downgraded Continental from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 10th. Zacks Research upgraded Continental from a "strong sell" rating to a "hold" rating in a research report on Monday, March 9th. Citigroup restated a "buy" rating on shares of Continental in a research report on Tuesday, February 3rd. Sanford C. Bernstein raised Continental from an "underperform" rating to a "market perform" rating in a report on Monday, January 5th. Finally, Berenberg Bank cut Continental from a "buy" rating to a "hold" rating in a report on Tuesday, January 13th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold".

Continental Trading Down 1.7%

The company has a market cap of $15.08 billion, a P/E ratio of 47.11 and a beta of 1.37. The company has a quick ratio of 0.90, a current ratio of 1.32 and a debt-to-equity ratio of 1.25. The business has a 50-day moving average price of $7.81 and a two-hundred day moving average price of $7.62.

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.

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