Continental (OTCMKTS:CTTAY) Shares Up 6.3% - What's Next?

Key Points

• Continental AG's shares rose **6.3%** to **$6.65**, despite a significant drop in trading volume, which was **87%** lower than the average session volume.
• Analysts have provided a consensus rating of **"Moderate Buy"**, with **one Strong Buy**, **two Buy**, and **three Hold ratings** for Continental's stock.
• In its recent earnings report, Continental topped expectations with an earnings per share of **$0.28**, slightly exceeding the consensus estimate of **$0.26**.

Continental AG (OTCMKTS:CTTAY - Get Free Report) shares traded up 6.3% on Thursday . The stock traded as high as $6.65 and last traded at $6.65. 18,062 shares were traded during trading, a decline of 87% from the average session volume of 140,640 shares. The stock had previously closed at $6.25.

Analyst Ratings Changes

A number of research firms recently commented on CTTAY. Oddo Bhf raised shares of Continental to a "neutral" rating in a research note on Monday, September 1st. Barclays restated an "overweight" rating on shares of Continental in a research report 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 issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

Continental Stock Performance

The company has a debt-to-equity ratio of 1.14, a current ratio of 1.18 and a quick ratio of 1.03. The company has a market cap of $13.24 billion, a PE ratio of 7.61, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. The business has a fifty day simple moving average of $8.01 and a two-hundred day simple moving average of $8.16.

Continental (OTCMKTS:CTTAY - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.26 by $0.02. The firm had revenue of $11.09 billion during the quarter, compared to analysts' expectations of $11.10 billion. Continental had a return on equity of 13.20% and a net margin of 4.54%. Research analysts anticipate that Continental AG will post 0.66 earnings per share 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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