Continental Aktiengesellschaft (OTCMKTS:CTTAY) Share Price Passes Below 50-Day Moving Average - Time to Sell?

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $6.35 and traded as low as $6.21. Continental Aktiengesellschaft shares last traded at $6.24, with a volume of 47,803 shares traded.

Wall Street Analysts Forecast Growth

Separately, Sanford C. Bernstein raised shares of Continental Aktiengesellschaft to a "strong sell" rating in a research note on Wednesday, June 19th.

Continental Aktiengesellschaft Stock Performance

The company has a debt-to-equity ratio of 0.30, a current ratio of 1.20 and a quick ratio of 0.77. The stock has a market cap of $11.96 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 0.44 and a beta of 1.58. The company has a 50 day simple moving average of $6.34 and a 200-day simple moving average of $6.48.

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 EPS for the quarter. Continental Aktiengesellschaft had a net margin of 2.02% and a return on equity of 5.71%. The firm had revenue of $10.77 billion for the quarter. On average, equities analysts expect that Continental Aktiengesellschaft will post 0.64 earnings per share for the current fiscal 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.