Continental Aktiengesellschaft (OTCMKTS:CTTAY) Shares Pass Below 50 Day Moving Average of $6.23

Continental Aktiengesellschaft (OTCMKTS:CTTAY)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $6.23 and traded as low as $5.96. Continental Aktiengesellschaft shares last traded at $6.01, with a volume of 159,524 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised Continental Aktiengesellschaft to a “strong sell” rating in a research note on Wednesday, June 19th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Continental Aktiengesellschaft has an average rating of “Hold”.

Continental Aktiengesellschaft Stock Performance

The firm has a market cap of $11.92 billion, a PE ratio of 15.68, a PEG ratio of 0.33 and a beta of 1.59. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.81 and a current ratio of 1.24. The firm’s 50 day moving average price is $6.22 and its two-hundred day moving average price is $6.95.

Continental Aktiengesellschaft (OTCMKTS:CTTAY) last announced its quarterly earnings results on Wednesday, May 8th. The company reported ($0.03) EPS for the quarter. The business had revenue of $10.63 billion during the quarter. Continental Aktiengesellschaft had a net margin of 1.76% and a return on equity of 5.06%. On average, research analysts forecast that Continental Aktiengesellschaft will post 0.69 earnings per share for the current year.

About Continental Aktiengesellschaft

Continental Aktiengesellschaft, a technology company, offers intelligent solutions for vehicles, machines, traffic, and transportation worldwide. It operates through four sectors: Automotive, Tires, ContiTech, and Contract Manufacturing. The company offers safety, brake, chassis, motion, and motion control systems; solutions for assisted and automated driving; display and operating technologies; and audio and camera solutions for the vehicle interior, as well as intelligent information and communication technology solutions.