Continental (OTCMKTS:CTTAY) Announces Earnings Results
by Jessica Moore · The Cerbat GemContinental (OTCMKTS:CTTAY – Get Free Report) released its quarterly earnings data on Wednesday. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.08), Zacks reports. Continental had a negative return on equity of 3.44% and a negative net margin of 0.40%.
Continental Trading Up 4.5%
OTCMKTS:CTTAY traded up $0.36 during midday trading on Thursday, hitting $8.37. 16,215 shares of the company traded hands, compared to its average volume of 76,914. Continental has a 12-month low of $6.21 and a 12-month high of $9.19. The company has a current ratio of 1.28, a quick ratio of 0.87 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average is $7.49 and its 200-day moving average is $7.73. The firm has a market capitalization of $16.74 billion, a P/E ratio of 52.30, a P/E/G ratio of 3.80 and a beta of 1.36.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Continental from a “strong sell” rating to a “hold” rating in a research report on Monday, March 9th. Berenberg Bank downgraded shares of Continental from a “buy” rating to a “hold” rating in a report on Tuesday, January 13th. Finally, Citigroup reiterated a “buy” rating on shares of Continental in a research report on Tuesday, February 3rd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold”.
View Our Latest Research Report on Continental
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.