Continental (OTCMKTS:CTTAY) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Shares of Continental AG (OTCMKTS:CTTAY) crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $7.93 and traded as high as $8.0899. Continental shares last traded at $7.99, with a volume of 46,028 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CTTAY shares. Sanford C. Bernstein upgraded Continental from a “market perform” rating to an “outperform” rating in a research report on Thursday, October 8th. Oddo Bhf upgraded Continental from a “neutral” rating to an “outperform” rating in a report on Thursday, September 3rd. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Continental currently has a consensus rating of “Moderate Buy”.

Continental Price Performance

The stock has a 50-day moving average price of $7.86 and a 200 day moving average price of $7.93. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.38 and a quick ratio of 1.06. The firm has a market cap of $15.70 billion, a price-to-earnings ratio of 108.86, a PEG ratio of 1.04 and a beta of 1.36.

Continental (OTCMKTS:CTTAY) last announced its earnings results on Wednesday, November 4th. The company reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.03. The firm had revenue of $3.88 billion during the quarter, compared to analysts’ expectations of $3.96 billion. Continental had a negative return on equity of 10.86% and a negative net margin of 1.36%. As a group, equities research analysts forecast that Continental AG will post 0.66 earnings per share for the current fiscal year.

About Continental

Continental AG is a Germany-based technology and automotive supplier whose products and services support vehicle manufacturers, commercial transportation companies and industrial customers. The company develops vehicle systems and components, tires, and products made from rubber and other technical materials.

Its automotive activities include electronic systems, safety and motion-control technologies, software, displays, sensors and other components used in passenger vehicles and commercial vehicles.