Continental (OTCMKTS:CTTAY) Shares Cross Above 200 Day Moving Average – Should You Sell?

Shares of Continental AG (OTCMKTS:CTTAY) 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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CTTAY shares. Sanford C. Bernstein upgraded shares of Continental from a “market perform” rating to an “outperform” rating in a research note on Thursday, October 8th. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a research note on Thursday, September 3rd. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Continental Stock Performance

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

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The business had revenue of $3.88 billion during the quarter, compared to the consensus estimate of $3.96 billion. Continental had a negative net margin of 1.36% and a negative return on equity of 10.86%. As a group, equities analysts expect that Continental AG will post 0.67 EPS for the current year.

Continental Company Profile

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.