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Covestro (ETR:1COV) Trading 0.1% Higher - Time to Buy?

Covestro logo with Basic Materials background

Covestro AG (ETR:1COV - Get Free Report) shares traded up 0.1% on Friday . The stock traded as high as €60.64 ($70.51) and last traded at €60.58 ($70.44). 11,388 shares were traded during mid-day trading, a decline of 99% from the average session volume of 917,794 shares. The stock had previously closed at €60.54 ($70.40).

Covestro Stock Down 0.1%

The stock has a fifty day simple moving average of €60.02 and a two-hundred day simple moving average of €58.60. The firm has a market cap of $11.41 billion, a PE ratio of -34.95, a price-to-earnings-growth ratio of 0.51 and a beta of 1.17. The company has a current ratio of 1.71, a quick ratio of 0.85 and a debt-to-equity ratio of 55.84.

About Covestro

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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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