Continental (OTCMKTS:CTTAY) Sees Large Volume Increase – Here’s Why

Shares of Continental AG (OTCMKTS:CTTAY) saw strong trading volume on Tuesday . 250,621 shares changed hands during mid-day trading, an increase of 258% from the previous session’s volume of 69,998 shares.The stock last traded at $7.8498 and had previously closed at $7.91.

Wall Street Analyst Weigh In

Separately, Zacks Research upgraded Continental from a “strong sell” rating to a “hold” rating in a research note on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Continental Stock Performance

The firm has a market cap of $15.96 billion, a PE ratio of -49.88, a PEG ratio of 0.63 and a beta of 1.38. The company has a current ratio of 1.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.89. The firm’s 50 day simple moving average is $7.75 and its 200 day simple moving average is $7.82.

Continental (OTCMKTS:CTTAY) last announced its quarterly earnings results on Wednesday, May 6th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.06). The company had revenue of $5.14 billion during the quarter, compared to analysts’ expectations of $5.07 billion. Continental had a negative return on equity of 4.89% and a net margin of 0.19%. On average, research analysts forecast that Continental AG will post 0.81 EPS for the current fiscal 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.