Continental (OTCMKTS:CTTAY) Stock Price Down 3.6% - Time to Sell?

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

Analyst Upgrades and Downgrades

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

Continental Stock Up 3.2%

The company has a current ratio of 1.68, a quick ratio of 1.47 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $17.31 billion, a P/E ratio of 12.36, a P/E/G ratio of 0.68 and a beta of 1.39. The stock's 50-day simple moving average is $8.33 and its 200-day simple moving average is $7.46.

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

Continental Increases Dividend

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

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.