Continental Aktiengesellschaft (OTCMKTS:CTTAY) Stock Passes Below 50-Day Moving Average – Here’s What Happened

Continental Aktiengesellschaft (OTCMKTS:CTTAY) shares crossed 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 traded.

Continental Aktiengesellschaft Stock Down 0.5 %

The business’s 50-day simple moving average is $6.37 and its 200-day simple moving average is $6.42. The company has a market capitalization of $12.64 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 0.48 and a beta of 1.57. 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) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.16 EPS for the quarter. The company had revenue of $10.77 billion for the quarter. Continental Aktiengesellschaft had a net margin of 2.02% and a return on equity of 5.71%. As a group, equities research analysts anticipate that Continental Aktiengesellschaft will post 0.63 EPS 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.