Continental (OTCMKTS:CTTAY) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Continental AG (OTCMKTS:CTTAY)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $7.93 and traded as high as $8.0899. Continental shares last traded at $7.99, with a volume of 46,028 shares changing hands.

Wall Street Analysts Forecast Growth

CTTAY has been the topic of a number of recent research reports. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Sanford C. Bernstein raised shares of Continental from a “market perform” rating to an “outperform” rating in a report on Thursday, October 8th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Continental presently has an average rating of “Moderate Buy”.

Continental Price Performance

The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.06 and a current ratio of 1.38. The company’s 50 day moving average price is $7.86 and its 200-day moving average price is $7.93. The company has a market cap of $15.98 billion, a price-to-earnings ratio of -26.63, a PEG ratio of 1.02 and a beta of 1.36.

Continental (OTCMKTS:CTTAY) last announced its earnings results on Wednesday, November 4th. The company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.03. The company had revenue of $3.88 billion for the quarter, compared to analyst estimates of $3.96 billion. Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%. On average, equities research analysts forecast that Continental AG will post 0.67 earnings per share for the current fiscal year.

About Continental

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.