Continental (OTCMKTS:CTTAY) Sees Strong Trading Volume – Time to Buy?

Shares of Continental AG (OTCMKTS:CTTAY) saw unusually-high trading volume on Thursday . Approximately 180,766 shares were traded during trading, an increase of 268% from the previous session’s volume of 49,136 shares.The stock last traded at $6.64 and had previously closed at $7.02.

Analysts Set New Price Targets

CTTAY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Jefferies Financial Group raised Continental from a “hold” rating to a “buy” rating in a research report on Monday, November 24th. Barclays lowered shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Sanford C. Bernstein raised shares of Continental from an “underperform” rating to a “market perform” rating in a research note on Monday, January 5th. Finally, Zacks Research upgraded shares of Continental from a “strong sell” rating to a “hold” rating in a report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold”.

Continental Stock Down 4.8%

The company has a current ratio of 1.32, a quick ratio of 0.90 and a debt-to-equity ratio of 1.25. The firm has a market capitalization of $13.36 billion, a P/E ratio of 41.75 and a beta of 1.27. The stock’s 50-day simple moving average is $8.08 and its 200-day simple moving average is $7.78.

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.