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Continental Aktiengesellschaft (OTCMKTS:CTTAY) Share Price Crosses Below 50 Day Moving Average - Here's Why

Continental Aktiengesellschaft logo with Auto/Tires/Trucks background

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $6.37 and traded as low as $6.24. Continental Aktiengesellschaft shares last traded at $6.32, with a volume of 2,021,085 shares changing hands.

Continental Aktiengesellschaft Price Performance

The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 0.48 and a beta of 1.57. The stock has a fifty day simple moving average of $6.37 and a 200-day simple moving average of $6.42. The company has a current ratio of 1.20, a quick ratio of 0.77 and a debt-to-equity ratio of 0.30.

Continental Aktiengesellschaft (OTCMKTS:CTTAY - Get Free Report) last released its earnings results on Wednesday, August 7th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $10.77 billion for the quarter. Continental Aktiengesellschaft had a return on equity of 5.71% and a net margin of 2.02%. As a group, equities research analysts expect that Continental Aktiengesellschaft will post 0.63 EPS for the current year.

Continental Aktiengesellschaft Company Profile

(Get Free Report)

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.

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