Continental (OTCMKTS:CTTAY) Shares Gap Down – Should You Sell?

Continental AG (OTCMKTS:CTTAY)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $7.9750, but opened at $7.67. Continental shares last traded at $7.97, with a volume of 818 shares.

Analysts Set New Price Targets

Several equities analysts have recently commented on CTTAY shares. Oddo Bhf upgraded Continental to a “neutral” rating in a research report on Monday, September 1st. Barclays downgraded Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Jefferies Financial Group upgraded Continental from a “hold” rating to a “buy” rating in a research note on Monday, November 24th. Citigroup reiterated a “buy” rating on shares of Continental in a research report on Thursday, November 13th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Continental from a “hold” rating to a “buy” rating in a research report on Friday, October 17th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Continental currently has an average rating of “Moderate Buy”.

Continental Trading Up 0.9%

The firm has a market cap of $16.09 billion, a P/E ratio of 50.28, a P/E/G ratio of 1.60 and a beta of 1.32. The stock has a 50 day simple moving average of $7.60 and a 200-day simple moving average of $8.05. The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings results on Thursday, November 6th. The company reported ($0.55) earnings per share for the quarter, missing the consensus estimate of ($0.38) by ($0.17). Continental had a return on equity of 1.14% and a net margin of 0.91%.The business had revenue of $5.68 billion during the quarter, compared to the consensus estimate of $4.93 billion. On average, equities research analysts expect that Continental AG will post 0.66 EPS for the current fiscal year.

About Continental

Continental AG, trading on the OTC market under the ticker CTTAY, is a global technology company renowned for its wide range of automotive and industrial products. The company’s core businesses include the design, development, and manufacturing of tires for passenger cars, commercial trucks, and specialty applications, as well as advanced automotive systems such as braking solutions, vehicle stability controls, sensors and electronic safety devices.

Founded in 1871 and headquartered in Hanover, Germany, Continental began as a rubber manufacturer before pioneering pneumatic tires in the late 19th century.