Covestro AG Sponsored ADR (OTC:COVTY – Get Free Report) shot up 0.4% during trading on Tuesday . The stock traded as high as $32.02 and last traded at $31.93. 3,152 shares were traded during trading, a decline of 66% from the average session volume of 9,373 shares. The stock had previously closed at $31.81.
Covestro Stock Performance
The company has a 50-day simple moving average of $29.87. The company has a quick ratio of 0.93, a current ratio of 1.68 and a debt-to-equity ratio of 0.40. The company has a market cap of $12.07 billion, a P/E ratio of -43.14 and a beta of 1.17.
About Covestro
Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.
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