Continental (OTCMKTS:CTTAY) Stock Price Down 6% – Time to Sell?

Shares of Continental AG (OTCMKTS:CTTAY) traded down 6% on Wednesday . The stock traded as low as $7.83 and last traded at $7.83. 532 shares changed hands during trading, a decline of 99% from the average session volume of 35,844 shares. The stock had previously closed at $8.33.

Analysts Set New Price Targets

Several equities analysts have weighed in on CTTAY shares. Sanford C. Bernstein upgraded shares of Continental from an “underperform” rating to a “market perform” rating in a report on Monday, January 5th. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Barclays lowered Continental from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 10th. Jefferies Financial Group upgraded Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Finally, Zacks Research cut Continental from a “strong-buy” rating to a “strong sell” rating in a report on Monday, February 2nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Continental has an average rating of “Hold”.

Continental Trading Down 2.8%

The company has a debt-to-equity ratio of 1.25, a current ratio of 1.32 and a quick ratio of 0.90. The firm has a market cap of $15.26 billion, a PE ratio of 47.69 and a beta of 1.27. The company’s 50 day moving average price is $8.21 and its 200 day moving average price is $7.89.

Continental Company Profile

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.