Covestro (ETR:1COV) Trading Down 1% - Here's Why

Key Points

• Covestro AG shares fell 1% to €57.92 ($68.95) during trading on Tuesday, with trading volume declining by 99% compared to the average session.
• The company's market capitalization stands at $10.93 billion and it has a price-to-earnings ratio of -33.48.
• Covestro operates in the high-tech polymer materials sector, producing materials like polyurethanes and polycarbonates for various industries including construction and automotive.

Covestro AG (ETR:1COV - Get Free Report)'s stock price traded down 1% during mid-day trading on Tuesday . The company traded as low as €57.92 ($68.14) and last traded at €57.92 ($68.14). 10,430 shares changed hands during mid-day trading, a decline of 99% from the average session volume of 917,794 shares. The stock had previously closed at €58.50 ($68.82).

Covestro Price Performance

The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of -31.83, a P/E/G ratio of 0.51 and a beta of 1.17. The stock has a fifty day simple moving average of €59.57 and a 200-day simple moving average of €59.41. The company has a debt-to-equity ratio of 55.84, a current ratio of 1.71 and a quick ratio of 0.85.

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.