Continental (OTCMKTS:CTTAY) Trading Down 3.6% - Here's Why

Continental AG (OTCMKTS:CTTAY - Get Free Report) shares dropped 3.6% on Tuesday . The company traded as low as $8.25 and last traded at $8.37. Approximately 24,968 shares traded hands during mid-day trading, a decline of 88% from the average daily volume of 206,081 shares. The stock had previously closed at $8.68.

Wall Street Analyst Weigh In

CTTAY has been the subject of a number of analyst reports. Citigroup reissued a "buy" rating on shares of Continental in a research note on Wednesday, April 2nd. Jefferies Financial Group cut Continental from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Hsbc Global Res raised shares of Continental to a "hold" rating in a research note on Wednesday, April 2nd.

Continental Stock Down 2.9%

The company has a market cap of $16.86 billion, a PE ratio of 12.04, a P/E/G ratio of 0.71 and a beta of 1.39. The firm's fifty day simple moving average is $8.27 and its 200-day simple moving average is $7.43. The company has a quick ratio of 1.47, a current ratio of 1.68 and a debt-to-equity ratio of 0.27.

Continental (OTCMKTS:CTTAY - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.07 by $0.04. Continental had a net margin of 3.71% and a return on equity of 9.84%. The business had revenue of $11.02 billion during the quarter, compared to analyst estimates of $10.78 billion. As a group, equities research analysts expect that Continental AG will post 0.66 earnings per share for the current fiscal year.

Continental Increases Dividend

The firm also recently declared a dividend, which was paid on Wednesday, May 7th. Investors of record on Wednesday, April 30th were given a dividend of $0.1978 per share. This represents a yield of 2.61%. This is a boost from Continental's previous dividend of $0.16. The ex-dividend date of this dividend was Tuesday, April 29th. Continental's dividend payout ratio is 28.57%.

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.