Continental (OTCMKTS:CTTAY) Shares 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) traded up 0.1% during mid-day trading on Tuesday . The stock traded as high as $8.57 and last traded at $8.51. 21,087 shares were traded during trading, a decline of 30% from the average session volume of 30,003 shares. The stock had previously closed at $8.50.

Analyst Ratings Changes

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

Continental Trading Up 0.1%

The stock has a 50-day moving average price of $8.77 and a two-hundred day moving average price of $7.87. The stock has a market capitalization of $17.01 billion, a PE ratio of 12.15, a PEG ratio of 0.69 and a beta of 1.38. 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 issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.04. The business had revenue of $11.02 billion for the quarter, compared to the consensus estimate of $10.78 billion. Continental had a net margin of 3.71% and a return on equity of 9.84%. As a group, equities analysts forecast that Continental AG will post 0.66 earnings per share for the current 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.

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