Continental (OTCMKTS:CTTAY) Stock Price Up 0.1% - Time to Buy?

Key Points

• Continental AG's stock is currently trading at $8.51, with a small increase of 0.1% from the previous close.
• Jefferies Financial Group downgraded Continental's rating from "buy" to "hold" on May 22nd.
• The company reported better-than-expected earnings, with $0.11 earnings per share against an estimate of $0.07, and revenue of $11.02 billion exceeding the consensus estimate of $10.78 billion.

Continental AG (OTCMKTS:CTTAY - Get Free Report)'s share price was up 0.1% during mid-day trading on Tuesday . The stock traded as high as $8.57 and last traded at $8.51. Approximately 21,087 shares traded hands during mid-day trading, a decline of 30% from the average daily volume of 30,003 shares. The stock had previously closed at $8.50.

Analysts Set New Price Targets

Separately, Jefferies Financial Group lowered shares of Continental from a "buy" rating to a "hold" rating in a research note on Thursday, May 22nd.

Continental Stock Down 0.3%

The stock has a 50 day simple moving average of $8.76 and a 200-day simple moving average of $7.90. The firm has a market cap of $17.20 billion, a PE ratio of 9.89, a PEG ratio of 0.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.68 and a quick ratio of 1.47.

Continental (OTCMKTS:CTTAY - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.26 by $0.02. The business had revenue of $11.09 billion during the quarter, compared to analysts' expectations of $11.10 billion. Continental had a return on equity of 11.20% and a net margin of 4.54%. Sell-side 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.