Continental (OTCMKTS:CTTAY) Sees Strong Trading Volume – Here’s Why

Continental AG (OTCMKTS:CTTAY) saw strong trading volume on Monday . 163,604 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 82,084 shares.The stock last traded at $6.78 and had previously closed at $6.84.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Berenberg Bank cut shares of Continental from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Citigroup reissued a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Zacks Research raised Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Barclays cut shares of Continental from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Finally, Sanford C. Bernstein raised Continental from an “underperform” rating to a “market perform” rating in a report on Monday, January 5th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold”.

Continental Stock Up 4.9%

The firm has a market capitalization of $14.56 billion, a PE ratio of 45.49 and a beta of 1.27. The firm’s 50-day moving average is $7.89 and its 200 day moving average is $7.66. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.90 and a current ratio of 1.32.

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.