Covestro (ETR:1COV) Trading Down 0.5% - Here's What Happened

Covestro AG (ETR:1COV - Get Free Report) traded down 0.5% during trading on Friday . The company traded as low as €59.70 ($68.62) and last traded at €59.70 ($68.62). 17,359 shares traded hands during trading, a decline of 98% from the average session volume of 917,794 shares. The stock had previously closed at €60.00 ($68.97).

Covestro Stock Performance

The stock has a market cap of $11.27 billion, a PE ratio of -34.51, a P/E/G 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. The business's 50-day moving average price is €59.47 and its 200-day moving average price is €58.28.

Covestro Company Profile

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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