Continental (OTCMKTS:CTTAY) Sees Unusually-High Trading Volume – What’s Next?

Continental AG (OTCMKTS:CTTAY) shares saw unusually-high trading volume on Thursday . 596,897 shares changed hands during mid-day trading, an increase of 757% from the previous session’s volume of 69,638 shares.The stock last traded at $8.49 and had previously closed at $8.35.

Analyst Upgrades and Downgrades

Several research firms recently commented on CTTAY. Citigroup restated a “buy” rating on shares of Continental in a report on Friday, June 12th. Zacks Research upgraded shares of Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold”.

Continental Trading Up 1.8%

The business has a 50-day moving average of $8.07 and a 200-day moving average of $7.92. The company has a quick ratio of 0.82, a current ratio of 1.25 and a debt-to-equity ratio of 0.89. The stock has a market cap of $17.00 billion, a price-to-earnings ratio of -53.12, a PEG ratio of 0.67 and a beta of 1.38.

Continental (OTCMKTS:CTTAY) last issued its earnings results on Wednesday, May 6th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.06). The firm had revenue of $5.14 billion during the quarter, compared to analyst estimates of $5.07 billion. Continental had a negative return on equity of 4.89% and a net margin of 0.19%. As a group, research analysts forecast that Continental AG will post 0.8 earnings per share for the current 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.